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Positive free cash flow at Charles Vögele
23 Aug '12
5 min read
By refocusing on the requirements of core customers, by working intensively on the product and by making organizational changes, Charles Vögele has created the conditions to achieve the goals it announced in March 2012: “2012 – Stop the bleeding”, “2013 – Back to black” and “2014 – Back to profit”.
The 2012 interim results confirm this outlook. During the first six months of 2012, Charles Vögele did not expend any further cash. “We are aware that 3 Charles Vögele is still not out of the woods; but we are going in the right direction,” says Frank Beeck.
Charles Vögele Group is one of Europe’s leading vertical fashion retailers. It offers the latest fashions at great prices to people in the prime of their lives who want to feel good. With attractively presented goods, combined with friendly, knowledgeable advice, it creates a relaxed and enjoyable shopping experience.
Charles Vögele
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