OVS news and archive

OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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Global brands intensify focus on India’s fast-expanding consumer base

Global fashion and luxury brands are increasingly shifting their focus to India as growth in mature markets stagnates, according to a report by The Economic Times. The attraction is grounded in India’s large population of aspirational, younger consumers with rising incomes — a demographic that is reshaping spending patterns and brand strategies....

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Business

Group OVS: Sales up 6.2 percent in FY 2024

Net sales for financial year 2024 increased by 6.2 percent to 1.63 billion euros for Italian group Ovs. Ovs and Upim, the core brands, performed very well, according to a statement. Stefanel also showed strong growth, with an accelerating second half thanks to a new stylistic direction. Excellent results were recorded in both clothing,...

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OVS increases annual sales by six percent

The Italian clothing retailer OVS SpA achieved a solid increase in sales and made progress in operating profit in the 2024/25 financial year. This is according to selected key figures published on Tuesday by the parent company of retail chains such as OVS and Upim as well as clothing brands such as Stefanel. In the last financial year, which...

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OVS increases annual sales by six percent

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OVS posts strong sales and profit growth

Third quarter net sales at OVS of 414.7 million euros increased by 12.8 percent driven by favourable weather and a high conversion rate. Net sales for the nine month period of 1,176 million euros, were up by 6.7 percent. The company said in a release that the positive reception of Stefanel fall-winter collections, driven by its new creative...

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OVS increases sales and profitability in H1

Net sales at OVS of 761.7 million euros, increased by 3.6 percent in the first six month period of 2024, despite unfavourable weather conditions in May and June due to the strong recovery during July. The company achieved strong results in the young segment, with the B.Angel more than doubling sales in two years, while the beauty offering,...

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OVS posts quarterly sales and profit growth

OVS net sales for the first quarter amounted to 352.2 million euros, up 4.7 percent driven by directly operated stores, where sales were up 5.1 percent. After a year of decline in 2023, OVS said that the franchise channel resumed growth, with sales up 3.2 percent. The OVS brand achieved sales growth mainly on a like-for-like basis. The Upim...

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OVS sales and profit improve, outlook positive

OVS ended the year with net sales of 1,536 million euros, up 1.5 percent despite exceptionally unfavourable weather that penalised the apparel market in the initial periods of both seasons. The company’s sales in the first months of 2024 are up by around 5 percent. OVS said in a release that the positive full year result was also due to the best...

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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...

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OVS posts 12.2 percent Q1 sales growth

For the first quarter, net sales at OVS SpA of 336.5 million euros, were up 12.2 percent due to the positive like-for-like performance and an increase in store traffic. The company’s adjusted EBITDA for the quarter rose to 27.5 million euros, up 36.3 percent or 8.2 percent, while adjusted EBIT of 11.7 million euros, was up 107.1 percent....

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OVS post strong growth in full year sales and profit

OVS SpA closed the year to January 31, 2023 with net sales of 1,513 million euros, up 11.3 percent, due to the strong performance in the like-for-like perimeter. The company said in a release that the trend was seen across all the group's brands and distribution channels and was consistent in all periods, with a more pronounced trend in May,...