Vogele news and archive

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 FY’12 net sales down 4.4 percent

European fashion company Charles Vögele Group’s net sales fell down 4.4 percent from 1,016 million Swiss Francs (1,090 million dollars) to 972 million Swiss Francs (1,042 million dollars) in the financial year 2012. Operating earnings before depreciation and amortization (EBITDA) improved slightly on the prior year, by 4 million Swiss Francs...

Design

Charles Vögele FY'12 net sales down 4.4 percent

For the full year net sales of the Charles Vögele Group fell from 1016 million swiss franc (1085.24 million dollars) to 972 million swiss franc (1038.24 million dollars). Operating earnings before depreciation and amortization (EBITDA) improved slightly on the prior year, by 4 million swiss franc (4.27 million dollars) to 17 million swiss franc...

Fashion

Charles Vögele Group significantly improves results

Clothing retailer Charles Vögele Group has achieved, and in some cases exceeded, its operational objectives for the 2003 financial year. Net debt was cut by CHF 149.8 million to CHF 282.0 million, while at the same time the equity capital base was improved from 32% to 41 %. The scaling down of inventories proceeded as planned. The operating...

Fashion

Vögele to close shops

In an interview with weekly SonntagsZeitung, chief executive Daniel Reinhard of Charles Vögele said that the clothing retailer plans to divest or close some shops in Germany as well as the Netherlands. The boss of the Swiss company said that in Holland, 10 shops are affected this year, in Germany it's 15 to 18 shops in the longer term. Last week...

Fashion

Vögele optimistic despite falling sales

Swiss apparel retailer Charles Vögele Holding on Tuesday said its net profit for 2002 improved to CHF15.9m (GBP 7.5m) from CHF 0.8m(GBP 0.4m) in 2001, but net sales fell to CHF 1.5bn from CHF 1.63bn. The company has seen widely varying performances across its international operations. It said revenues were flat in Austria and moderately down in...