OVS news and archive

OVS increases sales and profitability in H1

Net sales at OVS of 761.7 million euros, increased by 3.6 percent in the first six month period of 2024, despite unfavourable weather conditions in May and June due to the strong recovery during July. The company achieved strong results in the young segment, with the B.Angel more than doubling sales in two years, while the beauty offering,...

Business

OVS posts quarterly sales and profit growth

OVS net sales for the first quarter amounted to 352.2 million euros, up 4.7 percent driven by directly operated stores, where sales were up 5.1 percent. After a year of decline in 2023, OVS said that the franchise channel resumed growth, with sales up 3.2 percent. The OVS brand achieved sales growth mainly on a like-for-like basis. The Upim...

Business

OVS sales and profit improve, outlook positive

OVS ended the year with net sales of 1,536 million euros, up 1.5 percent despite exceptionally unfavourable weather that penalised the apparel market in the initial periods of both seasons. The company’s sales in the first months of 2024 are up by around 5 percent. OVS said in a release that the positive full year result was also due to the best...

Business

OVS expects to report improved profitability, launches share buyback programme

OVS sales for the entire year were up by approximately 1.4 percent, an increase that occurred mainly on the like for like perimeter. The company said in a media statement that the positive result was achieved despite the extremely unfavourable climatic conditions, which penalised the apparel market in both beginning of seasons. Driven by the...

Business

OVS to acquire Gap’s Italian stores

Retail conglomerate OVS has signed an agreement with Gap Inc., which will see the Italian company acquire all Gap stores in Italy, subject to completion of the unions’ consultation process that will start in the upcoming weeks. The agreement follows the two’s ongoing franchise partnership, established early 2020, with OVS already offering...

Business

OVS to issue 200 million euro sustainability-linked bond

Italian clothing company OVS S.p.A. has decided to issue a sustainability-linked bond of up to 200 million euros with a duration of six years. If that sounds familiar - other industry giants like H&M, Burberry and Adidas also recently discovered the value of sustainability-linked bonds. OVS’ board of directors of OVS met on Monday and resolved...

Business

OVS nine months net sales decline

Net sales at OVS S.p.A. for the first nine months of 2019, the company said, amounted to 990.9 million euros (1,104 million dollars), down compared to the first nine months of 2018 due to market contraction and lower purchases of goods in favour of a better quality of sales resulting in lower markdowns to the benefit of profitability in the...

Apparel

Italian fashion label OVS enters Punjab

Italian fashion apparel brand OVS has launched its first store in Amritsar and the eighth in India. Offering collections for men, women and teenagers, the store offers a unique Italian fashion shopping experience. Set up at the Alpha One Mall in Amritsar, the new outlet spans on an area of over 3,400 sq. ft. The label is already operating in key...