Cortefiel SA

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SPAIN: CVC To Sell Cortefiel Factory, Store Assets If Takeover Triumphs | 10 Jun 05

The Spanish stock market regulator has given the go-ahead to private equity company CVC’s bid offer for clothing retailer Cortefiel.

SPAIN: Cortefiel To Make Early Purchase Of Antonio Miro? | 7 Jun 05

Spanish retailer operator Cortefiel SA may use its option to buy 60 per cent of textile producer Antonio Miro earlier than planned, the Cinco Dias newspaper reported, quoted unnamed sources from the two businesses.

UKRAINE: Cortefiel Continues To Grow Springfield | 6 Jun 05

Spanish retail group Cortefiel SA has opened a new franchise of its men’s clothing division in Kiev, Ukraine.

SPAIN: Cortefiel To Veto Further Bids? | 2 Jun 05

Spanish retailer Cortefiel SA’s chairman Gonzalo Hinojosa says that is will bar any counterbids made for its shares in order to accept CVC Capital's €17.9 per share offer, the Bolsacinco website reported.

SPAIN: Cortefiel Accepts CVC Offer, More Bids Likely | 16 May 05

Spain’s Hinojosa and Garcia Quiroz families, the founding entrepreneurs behind Spanish retail giant Cortefiel, have agreed to sell their 52 per cent stake to CVC European Equity Partners, the UK-based investment group that launched a €1.4bn bid for the expansionist retailer Thursday.

SPAIN: Cortefiel Accepts CVC Takeover Offer | 13 May 05

Retail group Cortefiel SA says that a €1.4 billion takeover bid from CVC Capital Partners Ltd has been accepted by Cortefiel’s controlling families.

SPAIN: Coral Retail Bids For Cortefiel? | 12 May 05

Spanish retail group Cortefiel has received a bid offer from Coral Retail Industries, according to CNMV stock market regulator.

SPAIN: Cortefiel's FY Profit Leaps 107% | 19 Apr 05

Spanish retailer Cortefiel has topped forecasts with a 107 per cent increase in net profit for 2004 due to cheap Asian manufacturing and less markdowns pushing up margins.

SOUTH KOREA: Government Halts Daegu Fashion Complex | 13 Apr 05

Virtually dismissing calls for support to help revitalise South Korea’s downsizing textile industry, the Board of Audit and Inspection has halted a provincial government drive to open a fashion complex in the southern city of Daegu, 300 km south of Seoul.

USA: Eddie Bauer Names New Senior VPs | 31 Mar 05

Outdoor lifestyle brand Eddie Bauer has named Timothy McLaughlin as senior vice president, chief financial officer and Shelley Milano as senior vice president, general counsel and secretary of the company.

SPAIN: Cortefiel Turns Down CVC Capital Takeover | 31 Mar 05

Fashion group Cortefiel SA has confirmed that it has recently received buyout interest from private equity company CVC Capital Partners Ltd, but says it is not currently looking to sell.

Cortefiel pins growth on Springfield, Women's Secret | 21 Mar 05

Springfield’s new advertising catchphrase reads ‘Born in Europe.’ And that should come as no surprise. After all, owner Spanish retail group Cortefiel wants its fast-growing men’s fashion chain (and women’s lingerie banner Women’s Secret) to take the old continent’s specialty-retail market by storm in coming years. By Ivan Castano.

SPAIN: Cortefiel Lays Off 98 Madrid Workers | 15 Mar 05

Spanish fashion retailer Cortefiel, which operates the growing Springfield and Women´s Secret banners, has agreed terms of a redundancy contract with trade unions that will see 98 workers leave its Madrid tailoring and manufacturing plant.

SPAIN: Cortefiel To Close Madrid Factory, Axe 150 Jobs | 25 Jan 05

Clothing retailer Cortefiel on Monday said it has started talks with labour unions to shut its Madrid factory with the loss of 150 jobs.

SPAIN: El Grupo Cortefiel Posts Sales, Profit Hikes | 14 Jan 05

El Grupo Cortefiel, which operates the Cortefiel, Springfield, Women'secret and Milano fashion chains, has more than tripled its nine-month profit, boosted by good retail sales and better buying.

Moda In plays to its European heritage | 4 Jan 05

While other European fabric trade fairs have been steadily expanding their scope to include exhibitors from outside the region, since its inception in 1984 Moda In has remained faithful to its original objective of providing a showcase exclusively for European - primarily Italian - manufacturers.

SPAIN: Cortefiel H1 Profit Jumps To €15.1m | 26 Oct 04

Spanish fashion retailer Cortefiel has recorded a first-half net profit of €15.1 million, whilst gross margin totalled 56.1 per cent – an increase on 51.3 per cent for the same period in 2003.

Zara: success on its own terms | 9 Jul 04

As one of the original proponents of the 'fast fashion' concept, Spanish retailer Zara holds an enviable position in the global apparel market. While a handful of competitors - including Mango, H&M and Topshop - have achieved similar degrees of success by emulating the Zara-pioneered business model, others hoping to cash in on the winning formula should instead try to create their own niche, according to Zara expert Professor Jose Nueno.

SPAIN: Cortefiel Q1 Net Profit Jumps 48% | 1 Jul 04

First quarter net profit at clothing retailer Cortefiel soared by 48.3 per cent the company said on Thursday.

SPAIN: Cortefiel To Invest EUR30m In Logistics Centre | 30 Jun 04

Fashion retailer Corefiel SA is set to invest EUR30 million in a new logistics centre in Aranjuez, outside Madrid.

SPAIN: Cortefiel To Buy Remaining 15% Of Werdin | 16 Jun 04

Fashion retailer Cortefiel SA is set to acquire the remaining 15 per cent of German subsidiary Werdin GmbH & Co KG from Douglas Holding AG's Inter-Moda unit.

SPAIN: Cortefiel FY Net Profit Jumps 47% | 26 Apr 04

Fashion retailer Cortefiel has posted a 47 per cent year-on-year rise in net profit for 2003.

SPAIN: Cortefiel Posts 6% Nine-Month Net Profit Drop | 15 Jan 04

Fashion retailer Cortefiel has posted a six per cent year-on-year drop in net profit for the nine months to November 30, 2003.

Fluid forecast from Moda In exhibitors | 5 Dec 03

The ‘in’ adjective for summer 2005 fabrics is ‘fluid.’ Colours are essentially cool, while overlays of clear film or cellophane coatings are frequently employed to convey a wet look according to predictions from exhibitors preparing for the next Moda In fashion fabric exhibition in Milan.

SPAIN: Cortefiel To Open 200 Stores In China | 5 Dec 03

Fashion retailer Cortefiel is set to expand into China with 200 Springfield franchise stores.

Spanish retailers fight for the hot shops | 26 Nov 03

Saturation of the domestic market, coupled with the inability to compete in terms of price with clothing coming from Asia, has forced Spanish retailers like Inditex and Mango to focus on business growth in international markets. Here they have been able to take advantage of the weakness of their international competitors, writes José M Alarcón.

FRANCE: Apparel Industry Chiefs Prepare For World Forum | 27 Oct 03

Leading figures from the swimwear, sportswear and intimate apparel industry will gather in Monte Carlo next month for the Lycra Rendez-Vous World Forum.

SPAIN: Fashion Group Cortefiel Says H1 Profit, Sales Up | 23 Oct 03

Fashion group Cortefiel on Thursday reported a modest hike in first half net profit as it was hurt by hefty restructuring charges related to the closure of 17 loss-making stores and its Don Algodon chain.

SPAIN: Cortefiel Names Ex-H&M Boss Van Den Auwelant MD | 3 Sep 03

Spanish fashion group Cortefiel SA on Wednesday named former Hennes & Mauritz AB director Anselm Van den Auwelant as its new managing director.

SPAIN: Cortefiel Q1 Profit Surges 164% On Strong Sales | 9 Jul 03

Spanish fashion chain Cortefiel on Wednesday posted a 164 per cent leap in first quarter net profit from the year-ago period on the back of higher sales and better margins.





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