The following aspects drive this development:
- A slight fall in wholesale turnover on an annual basis, with a slight rise in autumn 2013 compared with the same period in 2012. A slight upturn for both the fashion and stayer collections is noted in the second half of the year. Follow-up orders in November and December will determine what wholesale turnover is precisely achieved.
- The retail turnover of Intimacy in 2013 will be lower than the previous year. The Consumer Board programme (which targets very strong consumer focus in the stores) is gradually having the desired effect. The like-for-like fall slows down considerably in the second half of the year compared with the first six months.
- Rigby & Peller (UK and Continental Europe) continues to grow.
Van de Velde expects recurring EBITDA to rise slightly in the second half of the year compared with the same period in 2012.
Van de Velde has also reached agreement on restructuring at Eurocorset, which will see the departure of 29 employees in the short term. The non-recurring cost of the restructuring is €1.7m, with a payback period of around three years.
For spring 2014 Van de Velde remains optimistic with regard to wholesale. The launch of the new PrimaDonna bathing wear line has been successful, driving net turnover growth, bearing in mind that pre-orders excluding the new PrimaDonna bathing wear line are more or less stable.
Van de Velde NV is a leading player in the luxury and fashionable women’s lingerie sector. Van de Velde is convinced of a long-term strategy based on expanding and developing brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America.
Van de Velde
Textiles | On 27th Jun 2017
E-commerce players in India will not be required to deduct tax on...
Apparel/Garments | On 27th Jun 2017
Future Group, which runs retail stores across India under various...
Textiles | On 27th Jun 2017
Apparel Export Promotion Council (AEPC) and National Securities...
‘The intimatewear category in India is slowly becoming trend-sensitive.’
Mag Solvics Pvt. Ltd
ITME 2016 exploited our full strength like never before
Textrade International Ltd
We believe in vocational education for entry-level employees, offering...
Suominen Corporation is a manufacturer of nonwovens as roll goods for...
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
"We should not compare India and the West. There are things we do that...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...