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...

Locked content Gino Rossi keeps Tomasz Malicki as Chairman

Supervisory Board of Gino Rossi appointed the company’s Management Board for the next term. Tomasz Malicki was again appointed as Chairman and Paweł Urbaniak as the Vice-President of the Management Board, the company said. Gino Rossi manages fashion brands: Gino Rossi and Simple Creative Produ...

Locked content Gino Rossi sales up 3.4% y/y in May

Fashion retailer Gino Rossi sales in May grew by 3.4 percent y/y to PLN 17.3 million. In the January-May period sales amounted to PLN 67.5 million, declining by 12.8 percent y/y. The share of B2B sales was 39 percent and increased compared to May 2017 by 15.5 percentage points. E-commerce sales decl...

Locked content Gino Rossi: Simple sale will help us trim debt

WSE-listed fashion retailer Gino Rossi hopes that sale of the Simple brand will help the company curb its debt and obtain funds to boost working capital, company’s CEO Tomasz Malicki said. “Thanks to the sale, we will reduce debt and free the funds needed to supply the working capital necessary to i...