Home / Knowledge / News / Apparel/Garments / Organisational change results in less complexity, IC Companys
Organisational change results in less complexity, IC Companys
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 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Studio Priyanka Rajiv

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search