Corporate News

  • LUDWIG BECK sells WORMLAND segment. The core activities are again in the foreground
    Munich, 15 April 2019 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) has parted company with the men's fashion chain WORMLAND, which it has owned since 2015. The sale process initiated at the end of January has now reached the hoped-for swift conclusion.
  • LUDWIG BECK concludes problematic Fiscal Year 2018
    Munich, March 28, 2019 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905), alike fashion traders all over Europe, had to put up with constant structural pressures in the Fiscal Year 2018. Unpredictable climatic influences repeatedly curbed seasonal sales as well. Consequently, the sales and earnings situation reflected the negative industry trend and failed to meet expectations.
  • LUDWIG BECK’s gross sales in 2018 in line with expectations
    Munich, January 8, 2019 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the 2018 fiscal year with preliminary gross sales at Group level amounting to € 166.0m (previous year: € 173.2m). The sales target of € 165m, which had been adjusted in December, was thus slightly exceeded.
  • LUDWIG BECK Group challenged by climatic extremes in the first nine months of 2018
    Munich, October 24, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) recorded a 5.7% decline in sales in the first nine months of the current fiscal year. After a long and hard winter that had affected the spring business, general consumer reticence made itself felt in the further course of the year as well. In the 2018 fairytale summer many consumers preferred outdoor leisure activities over shopping experiences. The month of September also stood out with midsummer temperatures.
  • LUDWIG BECK‘s result in the first six months falls within the forecast range
    Munich, July 25, 2018 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) concluded the first half of the year 2018 with a decline in sales reflecting the current sector development. Cold weather at the beginning of spring and midsummer temperatures in April were the main factors putting pressure on sales volumes nationwide. In addition, the stationary fashion trade lost further market shares to online stores. However, through moderate price reductions and an efficient cost structure, the result could nevertheless be maintained at a high level.

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