Stefanel news and archive

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...

Business

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...