Cosabella news and archive

Calida Group posts H1 loss, sales decline 8.8 percent

Calida Group’s currency-adjusted sales declined 8.8 percent to 111.3 million Swiss francs in the first six month period. Adjusted operating profit from continuing operations was 0.5 million Swiss francs, while adjusted net loss was 0.5 million Swiss francs. “Optimization of our group structure and personnel is progressing as planned. The recent...

Business

Calida Group reports loss, sales drop

Total Calida Group sales from continuing operations were 160.2 million Swiss francs, down 2 percent, adjusted for currency effects. The company said, sales were negatively impacted by currency effects by 3.8 percent. Calida suffered a loss of 15.1 million Swiss francs in the first half of 2023. The company posted an operating profit of 8.2...

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Calida Group acquires premium lingerie brand Cosabella for 80 million dollars

The Calida Group has acquired American premium lingerie and loungewear brand Cosabella for a total package of 80 million dollars including earn out thus reinvesting the sales proceeds from Millet Mountain Group. Commenting on the development, Hans-Kristian Hoejsgaard, chairman of the Calida Group board said: “With the acquisition of the strong...