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

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 […]

1 December 2023

Statement of non financial performance 2023

By making CSR one of the 4 pillars of its new strategic plan “Dare. Act. Impact. 2026”, the Group is determined to place its social responsibility at the heart of its business model. The ambition is to make Damartex a profitable, sustainable Group that is useful to our society and our planet, and committed “On […]

17 November 2023

Publication of the 2022 – 2023 annual report

The year 2022-2023 has been a year of unique challenges and opportunities for Damartex in a shrinking economic context, particularly impacting the Silver Economy. It is with a sense of determination and resilience that I share with you an overview of our journey over the past year. Aware of the headwinds the Group has had […]

5 September 2023

Results for the 2022/2023 Financial Year

A Year Dedicated to Securing the Group’s Future. Launch of the New Strategic Plan BUSINESS Damartex ended the 2022/23 financial year with sales of €650.4 Mn, down on the previous year (-9.5% at actual exchange rates, -9.0% at like-for-like exchange rates), still impacted by the unfavourable macroeconomic environment and the contraction in consumption observed in […]

3 August 2023

Finalizing Restructuring Operations and Implementing New Financing

Damartex today announces the completion of its restructuring operations with its legacy banking partners and the Despature family group, its reference shareholder1 . The injection of new liquidity and the restructuring of the Group’s debt were finalized with today’s completion: These transactions were carried out in accordance with the agreement signed by the Group, its […]

21 July 2023

Damartex Reaches Agreement With Its Banking Partners and Reference Shareholder

Restructuring Existing Debt and Securing New Financing. Damartex announces the signature on 19 July 2023 of an agreement with its legacy banking partners and its reference shareholder on the restructuring of its current financial debt and the securing of new financing. Against a difficult macroeconomic backdrop of war in Ukraine, inflationary pressure and the energy […]