Charles Vögele defines new group management structure
23 Nov '11
3 min read
With a syndicated credit facility due to expire in June 2012, the company is currently holding talks with a small group of partner banks. The new agreement should replace the existing loans and give the group financial flexibility.
CEO Frank Beeck summarises: “We are confident that the measures decided on have put the Vögele Group back on course for profitable growth.” The Charles Vögele Group's full-year results 2011 will be presented on 6 March 2012.
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 has 815 outlets in ten countries: Switzerland, Principality of Liechtenstein, Germany, the Netherlands, Belgium, Austria, Slovenia, Poland, Hungary and the Czech Republic.