Home / Knowledge / News / Apparel/Garments / Organisational change results in less complexity, IC Companys
Organisational change results in less complexity, IC Companys
16
Nov '10
A changed organisational structure, which provides each of IC Companys' 11 brands with the full responsibility of the entire value chain, including own distribution, will empower the brands with a higher degree of execution and decision-making capacity.

In November the Management of IC Companys will embark on the implementation of an organisational change which purpose is to promote enhanced growth and improved earnings capacity. The key element of the organisa-tional change is that all of IC Companys' 11 brands will have the full responsibility of the entire value chain, in-cluding own distribution in the future while at the same time achieving a more efficient and less complex organisational structure.

All brands will continue to benefit from the synergies of the Group's shared platform within finance, IT, logistics and production as well as be under an obligation to comply with a number of corporate guidelines, best practices and streamlined processes which as defined by the Executive Board.

More responsibility to the brands in the future
The objective of the organisational change is to provide the brands with the best possible conditions to perform in while at the same time they may still draw on the vast know how, experience and strategic expertise offered by headquarters.

Chief Executive Officer Niels Mikkelsen comments;
“We have had a Group where 6 brands have performed under a matrix organization with a shared sales platform and the remaining 5 brands have performed under a line organisation being fully responsible for their own distri-bution. When comparing the brands under the matrix organisation with those brands under the line organization, the latter group of brands has generally had a higher earnings capacity which has given food to thought.”

Organisational change results in less complexity
Therefore IC Companys now implements a full line organisation with an identical structure for all brands giving them the full control of their own distribution.

Chief Executive Officer Niels Mikkelsen states that;
“Responsibility and powers of decision should be closely linked and for this reason we now empower the brands with the full responsibility of their entire value chain while at the same time we build up a Group which is far more transparent, flexible and efficient providing us with the edge of reacting quickly to market demands”.

Focus on growth
The organisational change should be viewed in context with the growth initiatives implemented by IC Companys during 2009-10 of which the positive results are already reflected in the accounts of the Annual Report.

Chief Executive Officer Niels Mikkelsen comments;
“We have already accomplished very good results through our existing initiatives. Yet, it is still only a minor part of the Group which has obtained a sufficiently high earnings capacity. In myview, we have therefore only embarked on a journey towards achieving a growth oriented and competitive Group”.

“By increasing the focus on providing the best possible conditions for all 11 brands, we are in a much stronger position to adapt for future markets and boost further growth in our brands while at the same time we create an interesting and innovative work place for our employees.”

The changed organisational structure will have no effect on the outlook for the financial year 2010/11.

IC Companys A/S


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X