Locked content Gino Rossi revenue down 34% in September

Fashion retailer Gino Rossi recorded revenue of PLN 10.9 million in September, 34 percent less than a year ago, the company said. The share of B2B sales was 25.4 percent, down by 9.8 percentage points y/y. E-commerce sales declined by 20.5 percent versus September 2017. In January-September Gino Ros...

Locked content Gino Rossi with H1 net loss of PLN 51 mln

Fashion retailer Gino Rossi reported H1 net loss of PLN 51 million compared to profit of PLN 2.3 million a year ago. Revenue declined by 9 percent y/y to PLN 87.1 million. EBITDA loss amounted to PLN 9.7 million. Unsatisfactory sales results are primarily the result of the insufficient level of the ...

Locked content Gino Rossi: enforcement proceedings against Simple CP discontinued

The enforcement proceedings against Simple Creative Products (Simple CP) were discontinued, Gino Rossi said. Under the proceedings, the bank account of Simple CP was seized for PLN 6 million. “The cancellation of the enforcement proceedings took place at the request of the creditor due to the repaym...

Locked content Gino Rossi signs LoI with OTCF on Simple CP sale

Gino Rossi signed a Letter of Intent (LoI) with OTCF, the owner of the 4F brand, regarding the sale of 100 percent stake in Simple Creative Products (Simple CP), Gino Rossi said. OTCF will pay a deposit of PLN 1 million for the acquisition of shares. The final text of the transaction document should...

Locked content Gino Rossi signs licensing deal with CCC

WSE-listed footwear retailer Gino Rossi signed a licensing deal with rival CCC. The contract is for manufacturing and design and to use Gino Rossi trademark in selected countries. Gino Rossi estimates that it will bring PLN 36-40 million in revenue for 2019-2020 period, including PLN 15-18 million i...

Locked content Gino Rossi sales down 14.9% in August

Fashion retailer Gino Rossi sales in August declined by 14.9 percent y/y to PLN 11.8 million. The share of B2B sales was 11.5 percent and fell by 21.1 percentage points compared to August 2017. Gino Rossi said that decrease in August sales resulted from lower sales in the B2B segment. In January-Aug...

Locked content Deadline for agreeing Simple sale terms postponed

Gino Rossi and Monari decided to extend negotiations regarding terms of Simple Creative Products (Simple) until August 14. The last condition, which should be met, is setting the financing terms of Simple with Bank PKO BP. Arrangements with the bank are carried out in cooperation with Monnari, Gino ...

Locked content Gino Rossi ready to accept PLN 12 mln price for Simple

Fashion retailer Gino Rossi is ready to accept a price of PLN 12 million proposed by Monnari Trade for 100 percent shares of Simple Creative Products.  The condition for accepting the offer is signing an agreement before August 10, Gino Rossi said. Monnari Trade responded that before signing the agr...

Locked content Monnari offers PLN 12 mln for Simple

Fashion retailer Monnari placed an adjusted offer to buy through its unit 100 percent stake in Simple Creative Products (Simple). The proposed price for Simple owned by Gino Rossi is PLN 12 million. In February Monnari offered for Simple about PLN 46-50.5 million. The proposed price was significantl...

Locked content Gino Rossi sales up 10% in June

Fashion retailer Gino Rossi sales in June grew by 10 percent y/y to PLN 20.5 million. In H1 sales amounted to PLN 87.9 million, declining by 8.4 percent y/y. The share of B2B sales was 46.2 percent and increased by 19.5 percentage points compared to June 2017. E-commerce sales declined by 19.7 perce...