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current news

Van de Velde Revenue Rises 8.2%


(Filed Under Financial and General Interest News). Belgian lingerie company Van de Velde reported a 8.2 percent increase in revenue in 2011.

Revenue rose from from €166.3 million to €179.9 million, or $211.6 million to $228.9 million at the current exchange rate. This figure includes retail turnover from Intimacy, the intimate apparel chain that is 85 percent owned by Van de Velde, as well as Rigby & Peller, the U.K. chain in which Van de Velde purchased an 87 percent stake in August 2011.

Excluding the figures from Intimacy and Rigby & Peller, Van de Velde’s growth amounts to 2.2 percent. Over fiscal 2011, Intimacy generated turnover of $38.4 million, up 8.4 percent from $35.5 million in 2010.

The Van de Velde Group produces lingerie brands including Marie Jo, Prima Donna and Andres Sarda and has a long-term strategy to expand and develop brands focused on fit, style and fashion in Europe and North America.


more Financial and General Interest News >>

Published 01-12-2012 by Katherine Rautenberg

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Van de Velde Sales Fell 3.9% In First Half 2018
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2017 Sales Rose Slightly At Van De Velde
Rigby & Peller Closes 2 Shops, Only 10 Remain
Energy Exec Will Be New Van de Velde Chief
Rigby & Peller Sales Drop 27.7% In First Half
Rigby and Peller Has Closed Two More Stores
Sales Fell 9.8% In 2015 At Rigby & Peller U.S.
Intimacy, Now Rigby & Peller, Shrinks To 14
Declines Continue As Intimacy Shrinks To 15


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