Stefanel news and archive
OVS reports positive Q2, updates FY21 outlook
Second quarter net sales at OVS SpA reached 369.7 million euros, up 35.4 percent against the second quarter of 2020 and up 11 percent compared to the second quarter of 2019. First half net sales amounted to 599.2 million euros, 59.5 percent higher than the first half of 2020 and 7.9 percent lower compared to the first half of 2019, recovering...
23 Sep 2021
OVS to acquire Stefanel for 3.2 million euros
OVS SpA has announced that the company is acquiring Stefanel brand and twenty-three stores located in some of the main Italian cities for a total consideration of 3.2 million euros. The company said in a statement that it aims to enrich the OVS portfolio with a brand recognized in Italy and in the world, in particular in women’s knitwear. OVS...
21 Dec 2020
Stefanel UK falls into administration
The UK arm of Italian fashion brand Stefanel has reportedly fallen into administration and will close its two London stores. Administration and insolvency practitioners CVR Global have been called in to deal with the process, Retail Week reports. The company will be closing both its London stores, on Regent Street and in Covent Garden. The news...
1 Jul 2019