OVS news and archive

OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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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...

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OVS Q1 adjusted EBITDA improves by 2.8 percent

OVS Spa in its first quarter statement sales that sales grew by 2 percent, excluding the sell-in to Sempione Fashion Group and despite a significant market contraction that affected the European and the domestic markets (a cumulative -5.1 percent during the February-April period). During the period, the company’s store network expanded by 54...

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OVS H1 sales up 8.9 percent, EBITDA improves by 9.4 percent

Total sales at OVS grew by 57 million euros (67 million dollars) to 697.1 million euros (828 million dollars), a rise of 8.9 percent, with a 4.1 percent positive contribution from network development and the initial effects of the commercial agreement with Charles Voegele, up 4.8 percent. The company however said that like-for-like sales...

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OVS debuts on Milan Stock Exchange at 4.10 euros a share

OVS – Italy’s largest fashion retailer – debuted Monday on Milan Stock Exchange, becoming the first fashion initial public offering in the country since that of Moncler in December 2013. First day of trading was not the success anticipated by the company, as many in the trade have highlighted. Over the offer period, requests for OVS totalled...