Baldessarini news and archive

Bachelor party in Ibiza: Baldessarini wants to celebrate with a younger target group

A party in Ibiza, new markets and more modern collections - Baldessarini's realignment is picking up steam since Florian Wortmann took over as managing director. The brand, founded in 1993, is approaching a younger target group with influencers and representation in social media but it also wants to retain its existing customer base. Saying ‘yes...

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Ahlers expects lower full year sales but improved earnings

Ahlers has adjusted the revenue and earnings forecast for the full fiscal year 2020/21. The company said in a release that the course of the Covid-19 pandemic led to more extensive and longer-lasting Europe-wide containment measures in the second quarter than originally assumed. As a result, the company expects the lockdown-related revenue...

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Ahlers revenues decline by 56.3 percent in Q1

Ahlers Total group revenues in the first quarter of FY 2020/21 declined by 28.8 million euros or 56.3 percent at Ahlers Ag to 22.4 million euros. However, the company witnessed 20 percent growth rates in e-commerce revenues, mainly attributable to the company’s own online shops, which doubled their revenues. The company said in a statement that...

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Ahlers posts 30 percent drop in Q3 sales

The revenue trend of the first half of the year at Ahlers Ag continued at a slower pace, which was down 33 percent and in the third quarter, the group’s sales revenues declined by 30 percent to 38.2 million euros, while sales revenues declined by 32 percent or 50.7 million euros to 108.9 million euros in the first nine months. The company added...

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Ahlers to cut 80 staff positions to reduce cost

Ahlers Ag has announced that the company will reduce around 80 employees, thereof about 65 in Germany, across all areas and hierarchical levels. The company said in a statement that in addition to a few individual measures for reorganization, the measures particularly include the relocation of logistics services and the Pionier workwear model...

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Ahlers Q2 revenues decline by 58 percent

In the second quarter, revenues at Ahlers fell by 26.8 million euros or 58 percent to 19.5 million euros since between March and May, clothing stores across Europe had to be closed because of the coronavirus pandemic. The company said in a statement that revenues for the first six months fell by 33 percent or 34.6 million euros to 70.7 million...

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Ahlers posts 33 percent drop in H1 revenues

In the first six months of the current fiscal year, revenues at Ahlers Ag dropped by 33 percent to 70.7 million euros since due to the coronavirus pandemic, clothing retailers throughout Europe closed their stores between March and May 2020. The company said in a statement that a set of earnings and efficiency increasing measures as well as cost...

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Ahlers posts 13.2 percent drop in Q1 sales

Sales revenues in the first quarter of 2019/20 at Ahlers Ag, the company said, were mainly influenced by the discontinuation of sales of Pierre Cardin and Pioneer ladies’ trousers as well as Jupiter jackets, which sent sales revenues falling by 3.2 million euros or 5.4 percent. Moreover, the company added, delayed jeans deliveries amounted to...

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Ahlers withdraws sales and earnings growth forecast amid COVID-19 concerns

The management board of Ahlers Ag has announced withdrawal of the forecast for the fiscal year 2019/20 due to impact of the coronavirus situation on its business. The company said in a statement that major burdens are expected, which will reduce sales revenues and earnings in the current fiscal year. The company added that in the first quarter,...

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Ahlers expects restructuring measures to boost earnings in 2020

In the fiscal year 2018/19, Ahlers Ag said that the group’s revenues were influenced by two major factors - discontinuation of sales of Jupiter jackets as well as Pierre Cardin and Pioneer ladies’ trousers, which resulted in sales revenues falling 6 million euros. Moreover, the company added, declining sales of suits, blazers and outdoor jackets...

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Sincere Group to retail Baldessarini in the Benelux region

Starting January 1, 2020, Ahlers Ag said in a statement, the Sincere Group has taken over the distribution for Baldessarini in the Benelux countries. In January, the brand’s first range to be retailed by the company would comprise of autumn/winter collection at its showroom in Halfweg. The Sincere Group was founded by Michel van der Linden,...

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Ahlers' cost saving efforts boost Q3 earnings

Ahlers Ag has announced through a statement that the group’s third quarter revenues dropped by 5.1 percent or 2.9 million euros to 54.3 million euros (59.8 million dollars), primarily due to the discontinuation of activities. At 51.9 percent, the gross profit margin was on a par with the previous year, while operating expenses reduced by 8.5...