OVS news and archive

OVS blames unfavourable weather for drop in sales and profit

OVS Spa said in a statement that its nine-month results were adversely affected for the second time this year by very unfavourable weather, which was once again the dominating factor in the third quarter of 2018, resulting in a very negative autumn/winter season for the entire European apparel market. Sales were negatively affected by...

Report

OVS H1 sales rise 0.9 percent, EBITDA declines

Total sales, excluding the sell-in to the former Sempione Fashion Group, at OVS Spa grew by 0.9 percent in the first half of 2018. The company said, it witnessed this growth despite a 3.4 percent year to date contraction in the market throughout the half-year, mainly due to unfavourable weather conditions, a fire involving a freight ship that...

Report

OVS Q1 adjusted EBITDA improves by 2.8 percent

OVS Spa in its first quarter statement sales that sales grew by 2 percent, excluding the sell-in to Sempione Fashion Group and despite a significant market contraction that affected the European and the domestic markets (a cumulative -5.1 percent during the February-April period). During the period, the company’s store network expanded by 54...

Retail

Kendall and Kylie Jenner to design capsule collection for OVS

Kendall and Kylie Jenner are on to their next project. The sister-entrepreneur duo is teaming up with Italian mass-market retailer OVS for a capsule collection to be released throughout six deliveries. The womenswear collection will include both ready-to-wear and accessories. Three deliveries will be made in spring, and the other three will be...

Management

OVS H1 sales up 8.9 percent, EBITDA improves by 9.4 percent

Total sales at OVS grew by 57 million euros (67 million dollars) to 697.1 million euros (828 million dollars), a rise of 8.9 percent, with a 4.1 percent positive contribution from network development and the initial effects of the commercial agreement with Charles Voegele, up 4.8 percent. The company however said that like-for-like sales...

Report

OVS Q1 sales up 6.5 percent, EBITDA improves 11.2 percent

Total sales in the first quarter rose by 19.4 million euros (21 million dollars) or 6.5 percent at OVS. The company said, OVS brand increased its sales by 4.6percent or 11.5 million euros (12.8 million dollars), despite inventory count carried out in February 2017 and the leap year in 2016. UPIM sales increased by 7.8 million euros (8.7 million...

Management

OVS reports EBITDA growth of 7.1 percent in FY16

Total sales at OVS increased by 43.1 million euros (46 million dollars), or 3.3 percent, with a positive contribution from network expansion, while the company said, like-for-like sales mainly suffered due to adverse weather conditions and decreased by 3.2 percent. EBITDA reached 186.7 million euros (200 million dollars), (13.7 percent as a...

Report

OVS acquires Charles Vogele with two financial partners

Italian department store operator OVS has acquired the Swiss fashion company Charles Vogele. OVS has completed the deal through Retail Sempione, in which it owns 35 percent, together with two other entrepreneurs. As reported earlier on Monday, OVS and its financial partners have paid 56 million francs (about 52 million euro) to take a control...

Report

OVS posts 4.7 percent rise in H1 sales

Total sales at OVS grew by 29 million euros (32 million dollars), or 4.7 percent, with a positive contribution from network expansion, whilst sales growth on a like-for-like basis declined 2.9 percent. The company said, like-for-like sales were adversely affected by unfavourable weather conditions, particularly in May, which was also a strong...

Fashion

OVS collaborating with Jean Paul Gaultier for capsule collection

Couturier Jean Paul Gaultier will be designing a capsule collection for Italian retail chain OVS that will hit retail in mid-November. The title of the collection will simply be "Jean Paul Gaultier for OVS." The collection will comprise a total of 60 pieces, and it will be available at a selection of stores as well as online. OVS has been making...

Management|REPORT

OVS FY15 net sales grow 7.5 percent

After OVS Board of Directors approved the results for the financial year 2015 in Venice, the company said that growth in like-for-like sales and new store openings resulted in strong increase in revenues and EBITDA as well as substantial net debt reduction. Total net sales increased by 92.1 million euros (103.6 million dollars), or 7.5 percent,...

BusinessFeatured

OVS debuts on Milan Stock Exchange at 4.10 euros a share

OVS – Italy’s largest fashion retailer – debuted Monday on Milan Stock Exchange, becoming the first fashion initial public offering in the country since that of Moncler in December 2013. First day of trading was not the success anticipated by the company, as many in the trade have highlighted. Over the offer period, requests for OVS totalled...