New reporting style to enhance transparency - IC Companys

Mid Market Contemporary comprises the following brands; InWear, Matinique, Part Two and Soaked in Luxury which are operated as one business unit with a shared management team under the name The Original Group.

The main targets for brands in Mid Market Contemporary are optimisation of the synergy potential between the four brands, boost earnings capacity as well as to strengthen the position further within the Nordic core markets. The requirements for these brands are as follows;

• to be relevant within their core markets in their segment;

• to be able to generate satisfactory earnings; and

• to be able to convert profit to cash flow.

Non-core business

Non-core business comprises the two businesses; Saint Tropez and Designers Remix.

The main target for Non-core business is to divest Saint Tropez in the long term and to resolve the future ownership of Designers Remix.

The Group sells clothing within a number of brands all characterised as “fashion wear”. As a result, no Group products or services differentiate by comparison and separate information on products or services are consequently not provided.

IC Companys