Charles Vögele H1 net sales down, initiates measures to drive growth

In the first half of 2016, Charles Vögele said that it continued implementation of its ‘CVision’ turnaround programme designed to secure the company’s long-term future. However, after a good start in the first quarter, the cold and rainy weather in the second quarter had a negative effect on the sale of summer collections. Overall, Charles Vögele Group’s net sales fell by 3.7 percent to 378 million Swiss franc (392 million dollars). After adjusting for exchange rates and like-for-like, net sales declined 5.8 percent.