Stefanel news and archive

OVS expects to report improved profitability, launches share buyback programme

OVS sales for the entire year were up by approximately 1.4 percent, an increase that occurred mainly on the like for like perimeter. The company said in a media statement that the positive result was achieved despite the extremely unfavourable climatic conditions, which penalised the apparel market in both beginning of seasons. Driven by the...

Business

Stefanel FY16 revenues decline 14.4 percent

In 2016, the struggling Italian fashion brand Stefanel has said that the group’s consolidated net revenues of 134.1 million euros (145 million dollars), were down 14.4 percent against 156.7 million euros (170 million dollars) in 2015. The company said, impact of foreign markets on consolidated revenues was 65.4 percent in 2016. EBITDA for the...

BusinessFeatured

Stefanel’s third restructuring weakens the presence of the founding family

Stefanel's rescue will take effect this week, with Oxy and Attestor investment funds coming on stage. This is the third restructuring the Italian retailer goes through in recent years. "The new investors will bring cash and will also have the final say on different issues," explains Cristina Furlan, Secretary General of Filctem CGIL Treviso, in...