After the revenue slump recorded in the 2018 financial year, the Swedish lingerie production and distribution group has announced that co-founder Indrek Rahumaa is its new CEO and is tasked with restructuring the group.
After slumping for three successive quarters, the owner of the Dessus-Dessous site and of lingerie label Felina regained momentum in Q4, though its overall sales decreased 3.6% in 2018, down to €77.2 million.
Determined to become the leader in vertical lingerie production in Europe, Latvia's European Lingerie Group, formerly Lauma, announced the purchase of French lingerie and swimwear e-commerce site Dessus Dessous.
Russia will be soon seeing its first professional trade show dedicated to lingerie with the inauguration of Lingerie Expo this February in Moscow. The show is organized by the group responsible for Moda UK.