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...

Locked content Monnari wants to buy Simple brand

WSE-listed fashion retailer Monnari filed a non-binding offer to WSE-listed peer Gino Rossi to acquire 100 percent stake in Simple Creative Products, which owns Simple brand. The offer is between PLN 46-50.5 million assuming zero level of debt and cash which will be the basis for determining the fin...

Locked content Gino Rossi with PLN 3.3 mln Q3 loss

WSE-listed fashion retailer Gino Rossi recorded a consolidated net loss of PLN 3.32 million in Q3, compared to PLN 3.41 million loss a year earlier, the company said in its report. Operating loss amounted to PLN 4.18 million, up by 120.1 percent y/y, while EBITDA loss stood at PLN 1.6 million vs. PL...

Locked content Gino Rossi revenues down by 6.6% in October

WSE-listed fashion retailer Gino Rossi group reported sales revenues of PLN 26.7 million in October, a decrease of 6.6 percent year-on-year. In the period from January to October, the company’s revenues amounted to PLN 231.8 million, up from PLN 215.9 million last year. Sales revenue of the Gi...

Locked content Gino Rossi revenues up by 9% in August

WSE-listed fashion retailer Gino Rossi group reported sales revenues of PLN 20.5 million in August, an increase of 9 percent year-on-year. In the period from January to August, the company’s revenues amounted to PLN 181 million, up from PLN 166 million last year. Sales revenue of the Gino Ross...

Locked content Gino Rossi signs deal with UK John Lewis chain

WSE-listed shoe retailer Gino Rossi has entered into a partnership with British retailer John Lewis to distribute its products in its UK stores as well as in its e-commerce platform, the company said in a market filing. The value of the deal is estimated at PLN 3 million per year. “Gino Rossi produc...

Locked content Gino Rossi to enter 3 Eastern markets

WSE-listed shoe retailer Gino Rossi has signed a partnership agreement with Presto Limited based in Russia to distribute its products on the Russian, Kazakh and Belarusian markets, the company said. The value of the contract is estimated at approx. PLN 3 million. “According to Gino Rossi, the establ...

Locked content Gino Rossi has ambitious goals for 2017

Polish footwear and accessories company Gino Rossi stated in a press release on Wednesday that it will develop its brand in 2017 by focusing on expanding e-commerce sales and increasing the brand’s value abroad by cutting production costs. “In the opinion of the board, in the years to come [we will]...