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Reuters
Published
Nov 20, 2009
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Retailer Van de Velde sees revenues up 4%

By
Reuters
Published
Nov 20, 2009

BRUSSELS, Nov 20 (Reuters) - Belgian luxury lingerie retailer Van de Velde (VELD.BR) said revenues would grow up to 4 percent in 2009 from last year's 133 million euros ($198 million) and continue to grow year on year in the first half of 2010.


Marie Jo, part of the Van de Velde group, "L'Aventure" Spring Summer 2009

Van de Velde, which exports across the European Union, to the United States and south-east Asia, said on Friday 20 November the forecast includes lingerie brand Andres Sarda, which it acquired in June 2008.

Andres Sarda, a Spanish subsidiary, was suffering from the economic crisis and would continue to struggle in 2010.

(Reporting by Antonia van de Velde; editing by John Stonestreet)

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