Fashionette AG news and archive

Fashionette to close smartwatch division

As part of the efficiency and cost reduction program, Fashionette AG has announced that the smartwatch division will be closed in May 2023. The development follows the company’s recent decision to discontinue the beauty division. With smartwatches, the company said in a release, Fashionette and the associated Brandfield Group (Netherlands)...

Business

Fashionette to discontinue beauty division to save costs

Fashionette AG has decided to discontinue the beauty division as part of the efficiency and cost reduction program, against the background of the low sales volume and the negative contribution to earnings to date. As a result, in the 2023 financial year, the company said in a statement, it will be included in the reporting under the item...

Business

Fashionette issues profit warning

According to preliminary, unaudited group figures, Fashionette AG’s adjusted EBITDA on a consolidated basis amounted to 0.5 million euros in 2022 compared to 4.4 million euros in the previous year. The forecast adjusted in November 2022 assumed an adjusted EBITDA of 1 million euros to 4 million euros. The company attributed the below expected...