7 December 2023

Damartex has entered into exclusive negotiations for sale of Afibel

Damartex announces that it has entered into exclusive negotiations with the CTFI group for the sale of Afibel.

As part of its new strategic plan Dare. Act. Impact. 2026, Damartex announced in September 2023 its intention to put its Afibel business up for sale, in order to focus its efforts and investments on a limited number of brands.

The proposed transaction is subject to the usual consultation procedures with employee representative bodies. It is expected to be finalised in the first quarter of 2024

Other posts

12 November 2024

Damartex evolves its governance

The Group announces the forthcoming arrival of Nicolas Marchand as Chief Executive Officier After 16 years at the helm of Damartex, Patrick Seghin has announced his intention to leave the Group to take up non-executive positions. He will remain with Damartex until 31 March 2025 to ensure an effective transition to his successor, Nicolas Marchand, […]

25 October 2024

Publication of the 2023-2024 Non-Financial Performance Statement

By integrating CSR at the heart of its “Dare Act Impact 2026” strategy, the Damartex Group reaffirms its ambition to guarantee its profitability and sustainability, while strengthening its social, environmental and societal utility through its “On Seniors’ Side” commitment. The Extra-Financial Performance Statement for the 2023-2024 financial year illustrates the concrete actions taken this year […]

17 October 2024

Sales for the 1st Quarter of the 2024/2025 Financial Year

A growing first quarter illustrating the Group’s commercial responsiveness In the 1st quarter of the 2024/2025 financial year, the Damartex group posted revenue of €109.9 Mn, up +0.6% at actual exchange rates compared to the 1st quarter of 2023/2024 (+0.1% at like for like exchange rates). This demonstrates the Group’s ability to be responsive and […]

10 September 2024

Results for the 2023/2024 financial year

At the end of Chapter 1 of its strategic plan, Damartex increases its operational profitability PERFORMANCE BY POLE Damartex ended the 2023/24 financial year with sales of €529.2 Mn, down compared to the previous year (-9.9% at actual exchange rates, -10.2% at like for like exchange rates). This reflects activity impacted by headwinds (macroeconomic instability […]

18 July 2024

Revenue for the 2023/2024 financial year

Damartex is pursuing its strategic course and agile management of its activities to achieve a successful turnaround Damartex closed the 2023/2024 financial year with revenue of €529.2 Mn, down on the previous year (-9.9% at actual exchange rates, -10.2% at constant exchange rates). Continuing the trend of the first six months, second-half sales came to […]

7 March 2024

Half year report 2023-2024

Damartex continues to implement its strategic plan with determination Despite sales of €292.9 million in the first half of 2023/2024, down 11.6% on the same period last year, Damartex is determined to stay the course by optimizing its fixed and variable costs, and actively managing its cash flow and working capital requirements. Focused on customer […]

6 March 2024

Results for the First Half of the 2023/2024 Financial Year

Damartex continues to roll out its strategic plan with determination BUSINESS Damartex ended the first half of the 2023/2024 financial year with sales of €292.9 Mn, down on last year (-11.6% at actual and like-for-like exchange rates). Sales for the Fashion division came to €226.7 Mn for the first half, down ‑9.9% at actual and […]

28 February 2024

Damartex announces the sale of Afibel

Damartex announced today that it has signed an agreement to sell Afibel, its Golden Age brand and pioneer in plus-size fashion, to CTFI, a group specializing in the manufacture and distribution of personal and household goods. This sale is part of the new strategic plan of the Group: Dare. Act. Impact. 2026, announced in September […]

18 January 2024

Sales for the 2nd quarter of the 2023/2024 Financial Year

Business in Line with Previous Quarters, First Steps in Rolling Out the New Strategic Plan Damartex closed the first half of the 2023/2024 financial year with sales of €292.9 Mn, down -11.6% on the previous year at like-for-like and actual exchange rates. Against a resolutely unstable backdrop of persistently high inflation, declining purchasing power for […]