Charles Vogele news and archive

Bebe Stores and Great American Group JV acquires Charles Vögele

GAEBB Group, BV, a joint venture between Bebe Stores, Inc. and Great American Group, LLC has announced the acquisition of European fashion retailer Charles Vögele GmbH. The company said in a statement that GAEBB has purchased substantially all common stock and assets, including remaining store inventory and merchandise, real estate, intellectual...

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Charles Vögele announces departure of CEO Markus Voegeli

Charles Vögele Group has announced that the company’s CEO Markus Voegeli will leave the company at the end of November 2017. From mid October, Voegeli will be jointly succeeded by Jürg Bieri, the current CFO of the Charles Vögele Group, and Francesco Sama, general manager of OVS Brand since 2011. “With the takeover last December by Sempione...

People

Charles Vögele appoints Jürg Bieri as CFO

The Board of Directors of Charles Vögele Holding has appointed Jürg Bieri as Chief Financial Officer and member of group management. Bieri has been associated with Charles Vögele since 18 years and is responsible for the department finance & systems. “Jürg Bieri is a proven financial expert who is well acquainted with the company. We are very...

Business

OVS acquires Charles Vogele with two financial partners

Italian department store operator OVS has acquired the Swiss fashion company Charles Vogele. OVS has completed the deal through Retail Sempione, in which it owns 35 percent, together with two other entrepreneurs. As reported earlier on Monday, OVS and its financial partners have paid 56 million francs (about 52 million euro) to take a control...

Business

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 Vö...

Business |REPORT Featured

Charles Vögele sales decline amid difficult economic conditions

The Swiss fashion retailer Charles Vögele that made a significant progress in the last years and achieved turnaround on an operational level in 2014 has said that amid a very difficult market environment and tough economic conditions as well as difficult currency situation, its net sales fell 2.5 percent after adjusting for exchange rates and...

Business

Charles Vögele expects sales decline in FY15, CSO Matthias Wunderlin quits

The Charles Vögele Group has said that weakness of the euro, subdued economic growth in sales regions and the unusually warm autumn since mid-October are slowing down business and inhibiting sales over the last few weeks. So despite a good third quarter that produced a year-on-year improvement in like-for-like sales, management believes there...

Business |REPORT

Charles Vögele H1 net sales suffer with negative currency impact

Charles Vögele's results for the first half of 2015 were suffered because of tougher operating conditions. Group net sales fell 13.3 percent to 392 million Swiss francs (419.4 million dollars) due to the negative effect of exchange rates. After adjusting for exchange rates and like-for-like, the fall in net sales was 4.1 percent. “The removal of...

Business |REPORT Featured

Sales down but Charles Vögele manages to break even at EBIT level

Swiss fashion retailer, Charles Vögele made further progress last year in its turnaround amid challenging market environment. Following a good performance in the first half of 2014, during which the company managed to end the negative sales trend, the markets turned in September and declined in the fourth quarter of the year. However, owing to a...

Design

Charles Vögele H1 gross sales marginally improve by 1 percent

REPORT_ During the first half of 2014 Charles Vögele succeeded in bringing thenegative sales trend to a halt with gross sales, after adjusting for changes in exchange rates and floor space (like-for-like basis) witnessing growth of 1 percent compared with the first half of 2013. Operating earnings before depreciation and amortization (EBITDA)...

Design

Vögele brand to exit east Europe

Charles Vögele Group, the Swiss-based retailer, is to withdraw its operations in Poland and the Czech Republic in 2014, as the company restructures its country portfolio. Chairman Hans Ziegler stated restructuring measures undertaken in Hungary "are beginning to show success… [and] will continue to develop positively." Following the withdrawal...

Design

Charles Vögele H1 sales fall by 4 percent

REPORT_ Charles Vögele Group improved its operational efficiency in the first half of 2013 and its gross profit margin. With gross sales reduced by 4 percent to 555 million Swiss Francs (601 milliong dollars), company’s gross profit went up by 16 million Swiss Francs (17.3 million dollars) to 303 million Swiss Francs (328 million dollars) or 6...