Belgian lingerie group Van de Velde, which was banking on modest growth in 2018, has revised its outlook down, and is now expecting sales to be stable at best, if not in decline over the course of the year.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
The Columbus, Ohio-based fashion group, owner of Victoria’s Secret, PINK and Bath & Body Works, released its March 2018 sales data on Thursday, reporting mid-single-digit increases in both net sales and comps.
After months of anticipation in the South American country, the Daher group is making the final preparations for the opening of the first Calvin Klein store in Bolivia, slated to happen before the middle of the year.