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Van de Velde reports annual turnover rise of 5.4 percent

By Prachi Singh

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Consolidated turnover at Van de Velde rose by 5.4 percent in 2015 from 198.4 million euros (215.8 million dollars) to 209 million euros (227.3 million dollars). On a like-for-like basis including comparable deliveries consolidated turnover increased 5.7 percent.

The company has attributed this turnover growth to 5.7 percent growth in wholesale turnover, growth witnessed across lingerie, beachwear and stayers categories, a fall in retail turnover at Rigby & Peller USA (former Intimacy) by 9.7 percent or 9.8 percent on a like-for-like basis in local currency.

The company said, due to the strengthening of the American dollar against the euro the retail turnover in Euro was up 8.1 percent. In Europe retail turnover rose on a like-for-like basis by 5.8 percent owing to a like-for-like growth in Germany (7.1 percent) and the Netherlands (5.7percent). The results for the fiscal year 2015 will be announced on February 24, 2016.

Van de Velde