PRESS RELEASE CHARLES VÖGELE GROUP: REVIEW OF COUNTRY PORTFOLIO COMPLETE Pfäffikon, SZ - 15 November 2013 - As part of a critical review of Charles Vögele's country portfolio, the Board of Directors of Charles Vögele Holding AG decided in April 2013 to withdraw from the loss-making Poland and Czech Republic country organizations. The Hungary country organization, which was also under observation, will continue to be part of the Charles Vögele Group. "The restructuring measures taken are beginning to show success and we believe that Hungary will continue to develop positively", explains Chairman of the Board of Directors Hans Ziegler the decision. This completes the review of the country portfolio. Following the withdrawal from Poland and the Czech Republic, which will be finished during the course of next year, the Charles Vögele Group will consist of the following sales organizations: Switzerland including Liechtenstein, Germany, Belgium, the Netherlands, Austria, Slovenia and Hungary. Disclaimer All statements made in this media release that do not refer to historical facts are future-oriented statements which offer no guarantee of future performance. They are subject to risks and uncertainties including, but not limited to, future global economic conditions, exchange rates, legal requirements, market conditions, activities by competitors and other factors outside the company's control. Charles Vögele Group is one of Europe's leading vertical fashion retailers. It offers the latest fashions at great prices to people in the prime of their lives who want to feel good. With attractively presented goods, combined with friendly, knowledgeable advice, it creates a relaxed and enjoyable shopping experience. As of 30 June 2013, Charles Vögele has around 790 outlets in ten countries: Switzerland, Germany, Liechtenstein, the Netherlands, Belgium, Austria, Slovenia, Poland, Hungary and the Czech Republic. In the first half of 2013 the Group and its approximately 6,700 employees generated gross sales of CHF 555 million. Charles Vögele Holding AG's shares are quoted on the SIX Swiss Exchange (securities number: 693 777). Media Release PDF Provider Channel Contact Tensid Ltd., Switzerland newsbox.ch Provider/Channel related enquiries www.tensid.ch www.newsbox.ch email@example.com +41 41 763 00 50
CHARLES VÖGELE GROUP: REVIEW OF COUNTRY PORTFOLIO COMPLETE
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