Charles Vögele Group

Apparel and textile industry company news

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SWITZERLAND: Voegele Posts 65.8 Per Cent H1 Profit Plunge | 27 Aug 02

Clothing chain Charles Voegele Holding on Tuesday posted a 65.8 per cent plunge in first half net profit as it was hit by inventory costs and currency losses.

SWITZERLAND: Fashion Chain Voegele Hit By Spending Slowdown | 23 Jul 02

Swiss fashion chain Charles Voegele Holding on Tuesday reported a 5.6 per cent year-on-year slide in first-half net sales to 751 million Swiss francs ($520m) amid a general slowdown in consumer spending. The company, which operates retail outlets in Switzerland, Germany, Austria, Belgium and the Netherlands, said that adjusted for store space and currency fluctuations, net sales were down 7.4 per cent from 2001.

SWITZERLAND: Voegele Profit Dives To CHF1m In 2001 | 12 Mar 02

Net profit at Swiss clothing group Charles Voegele Holding AG plunged by 80 million francs to just 1 million francs in 2001 as expansion costs, weak consumer sentiment and inventory writedowns took their toll. The results were expected after a profit warning was issued last year.

SWITZERLAND: Voegele Blames Weather, Expansion On Losses | 22 Jan 02

Switzerland's biggest fashion retailer Charles Voegele Holding AG is blaming unseasonally mild weather and rapid expansion for denting its full-year profits. The impact of the weather depressed sales of the winter collection and created surplus stocks, forcing the company to issue a profit warning in October. A statement issued today by the group was in line with its revised outlook, which predicts full-year sales up by 16-18 per cent and not by the 20 per cent originally forecast. .

GERMANY: Salamander CEO Moves To Voegele | 31 Aug 01

Daniel Reinhard, chief executive at shoe manufacturer Salamander AG, is leaving the company to take up a new post as chief executive of fashion retail group Charles Voegele Holding AG. In a brief statement, the company said that Reinhard's duties would be taken over by the current company co-chairman Wolfgang Mueller until further notice.


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