Le Lis Blanc news and archive

Veste's Q2 sales up but weak demand for John John impacts results

Brazilian high-end fashion firm Veste reported gross revenue of 371.9 million Brazilian real in the second quarter, a 3.3 percent increase compared to the same quarter of 2023. The company said in a release that the performance was led by the positive evolution in brands Dudalina, Le Lis and Bo.Bo and B2C channel, partially affected by the...

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Veste reports 2022 same store sales growth of 32.1 percent

In 2022, total gross sales revenue at Veste S. A. was 1.3 billion Brazilian real, a 20.3 percent growth compared to 2021. Same store sales (SSS) showed an increase of 32.1 percent in the year, and 8.5 percent in the fourth quarter of 2022. The company said in a release that B2C and B2B channels had a growth of 23.2 percent and 37.8 percent,...

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Restoque posts Q3 revenue growth of 26.3 percent

In the third quarter, Restoque’s gross revenue was 351.8 million Brazilian real, up 26.3 percent compared to the third quarter of 2021, despite a reduction in the store base of 15.7 percent compared to last year. In the nine month period, the company’s gross sales reached 968.8 million Brazilian real, a growth of 31.9 percent in comparison to...

Restoque revenues grow by 35.4 percent in Q1

Restoque ended the first quarter with a gross margin of 57.3 percent and revenue of 283.7 million Brazilian real, up 35.4 percent against the first quarter of 2021. The company said in a release that despite a reduction in the store base of 14.1 percent versus the first quarter of 2021 and 25.8 percent versus Q120 and the negative impact of the...

Resoque Q3 revenues increase by 54.9 percent

Restoque reported revenue of 278.6 million Brazilian real in the third quarter, growth of 54.9 percent against the third quarter of 2020 and 2.5 percent compared to Q319. In the nine month period revenue was 113.8 million Brazilian real, up 94.5 percent compared to the same period in 2020 and up 256.2 percent against 2019. The company’s b2b...

Restoque posts Q2 sales and EBITDA growth

In an update about the second quarter trading, Restoque said, the company’s digital channel continued to grow at triple digits, reaching 44 million Brazilian real in sales, an increase of 113 percent representing 25 percent of sales in the b2c channel in the period. The company’s sales in physical stores were 511 percent higher versus the second...

Restoque posts 39.5 percent decline in revenue

Restoque’s gross revenue in 2020 was 0.2 percent above the projections disclosed to the market in may 2020 of 751.4 million Brazilian real, but 39.5 percent lower than the gross sales revenue of 2019. The company said, decline results in part due to the reduced flow in stores as a result of the pandemic and the restrictions on operation and...

Fashion

Restoque swings to Q2 loss

Restoque, owner of the brands Le Lis Blanc, Dudalina and Rosa Cha, reported a net loss of 94.5 million Brazilian real (17.4 million dollars) against a profit of 55.2 million Brazilian dollars profit a year earlier. The company attributed the reasons behind net loss to the negative effects of Covid-19 pandemic on the retail sector. The company...

Brazil’s Restoque secures deal to restructure its debt

New York - Brazilian fashion retailer Restoque Comercio e Confeccoes de Roupas SA announced earlier this month it has reached a deal with its creditors to restructure its debt. Sources quoted by Reuters pointed out that the company has a debt of 1.5 billion reais (over 300 million dollars), with Banco Santander Brasil , Itau Unibanco Holding SA,...

Restoque posts Q4 loss, gross revenues drop by 12.6 percent

Gross revenue in the fourth quarter totalled 335.5 million Brazilian real (64.4 million dollars) at Restoque Comércio e Confecções de Roupas S.A., down 12.6 percent, which the company said was impacted by the measures adopted by the company to eliminate channel conflicts and reinforce the positioning of its brands, strengthening the bases for...