Wolford AG announced today that the Supervisory Board appointed Silvia Azzali (48), the present Global Sales & Merchandising Director of Wolford AG, to serve on the Management Board as the companys Chief Commercial Officer (CCO). Starting on November 1, 2019, the Wolford manager will be responsible for the areas of Sales & Merchandising, Marketing and
At its meeting today, the Supervisory Board of Wolford AG appointed Silvia Azzali (48), Global Sales & Merchandising Director of Wolford AG, to serve as a new Member of the Management Board. Chief Executive Officer (CEO) Axel Dreher resigned from his Management Board position today on the most amicable terms with the Supervisory Board and
Bregenz, 26.9. 2019: At yesterday's Annual General Meeting, Prof. Dr. Matthias Freise was newly elected to the Supervisory Board. The election is valid until the end of the 37th Annual General Meeting which formally approves the actions of the Managing Board and the Supervisory Board in the fiscal year 2023/24. Prof. Dr. Matthias Freise, born
Mrs. Mag. (FH) Brigitte Kurz (CFO), member of the board of Wolford AG, has stepped back from her position. In best accordance with Supervisory Board she will continue to serve as board member until end of October 2019.The Supervisory Board today appointed Andrew Thorndike as a new member of the Management Board. Andrew Thorndike will
Slight reduction in loss despite lower revenues and higher investments New market image and market offensive in China Bregenz, July 23, 2019. Wolford AG, which is listed on the Vienna Stock Exchange, today published its annual financial statements for the 2018/19 financial year (May 2018 to April 2019). Its revenues amounted to
Wolford AG, ISIN AT0000834007, has reached an agreement with its Austrian banking partners to extend its lines of credit until June 30, 2021. Accordingly, the financing of ongoing business operations has been secured over the next two years. The agreement still requires contractual implementation and the formal board approval by the banks. For organizational reasons,
Revenue down 9% New restructuring program launched with more than 10 million saving potential identified Market drive initiated for China Plan to return to profitability no later than in the 2020/21 financial year Bregenz, March 15, 2019: Wolford AG, which is listed on the Vienna Stock Exchange, generated revenue of 108.2 million in
In view of the continuing negative revenue developments in the financial year 2018/19 (May 2018 to February 2019: -9 %), the management board initiated comprehensive restructuring measures with sustainable cost saving potential to bring the company's cost structure in line with the revenues. The expected savings potential significantly exceeds ten million euros. In addition, sales
Starting on February 1, 2019, Wolford AG is relying on Fosun Fashion Brand Management Company (FFBM) as its new partner to manage the companys brand identity in the important Chinese market which features a steadily growing class of luxury-oriented consumers. After Wolfords success in expanding its presence Hong Kong and Macau up until now, FFBM
On January 31, 2019, Wolford opened its first shop in Amsterdam in the new store design in the presence of 130 invited media representatives and other guests. The new shop with close to 80 m² of floor space in the middle of the noble shopping street P.C. Hooftstraat will make the new look and feel