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January 25, 2002

FRANCE: Etam Developpement Reports Turnover Boost

Leading French lingerie and ready-to-wear clothing retailer, Etam Developpement, on Friday posted a 6.8 per cent rise in turnover for 2001 to 1.1 billion euros ($964m), compared to the previous year. The group, which operates around 1,100 Etam and 1-2-3 lingerie, clothing and accessories stores, added that turnover for the fourth quarter ended December 31, 2001, jumped 8.6 per cent to 336.5 million euros ($295m) from the year-ago period.

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