Corporate News

  • LUDWIG BECK Group records significant sales growth after the first nine months of 2015
    Munich, October 20, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) generated gross sales in the amount of € 100.9m in the first nine months of the 2015 fiscal year (previous year: € 69.2m). This strong increase is primarily the result of the takeover of WORMLAND. On account of the effects of this acquisition, comparability of the key figures at group level can be applied only to a limited degree in regard to the same period of the previous year.
  • LUDWIG BECK closes the first half-year of 2015 very satisfactorily/Integration of WORMLAND essentially completed
    Munich, July 21, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) has closed the first half-year of 2015 very satisfactorily. The dominant event in the second quarter was the acquisition of 100% of the shares in WORMLAND, a men’s fashion retailer based in Hanover. This strategically significant step has already been reflected in the financial figures of the Group, whose comparability with those of the same period last year is thus strongly reduced. The integration of WORMLAND is therefore essentially completed. Since not all information required for the conclusive recognition of the business combination in the balance sheet is currently available, a preliminary purchase price allocation has been undertaken.
  • Press release on the Annual General Meeting 2015 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
    Munich, May 13, 2015 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 13, 2015, attended by almost 600 shareholders, shareholders‘ representatives and guests, who represented approximately 80% of the share capital and thus just under 3 million votes. All agenda items were approved by overwhelming majority votes.
  • LUDWIG BECK acquires the men’s fashion store chain WORMLAND
    Munich, May 13, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) yesterday announced the full acquisition of the Hanover-based men’s fashion store chain WORMLAND. The fashion company, which was founded in 1935, is considered the “avant-gardist in men’s fashion“ in the German retail sector, a genuine lifestyle brand offering a unique trading concept. Germany-wide, the company is represented with 15 branches. In 2014, it produced sales in the amount of approximately € 79.6m with a total of 465 employees on a sales area of 13,600 sqm.
  • LUDWIG BECK concludes first quarter of 2015 at previous year’s level – trade slides noticeably into the red
    Munich, April 23, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) concluded the first quarter of 2015 at the previous year’s level. While the trade scored a loss of 5% in aggregate in the period under report, LUDWIG BECK was able to demonstrate remarkable stability even though the company was still exposed to restraining influences like dwindling numbers of free-spending tourists from Eastern Europe and protracted municipal construction works at Munich’s Marienplatz.

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