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Wolford in negotiations to sell and rent the company property in Bregenz

Wolford AG is currently in the final phase of negotiations with the Blum Group on the sale and rental of the company's property in Bregenz, Wolfordstraße 1 and 2. The purchase price offered amounts to approximately EUR 72 million. Wolford plans to rent the operational property from the buyer on a long-term basis, as the

2020-04-03T12:28:44+02:00April 3rd, 2020|

Adjustment of outlook 2020/21

The management board of Wolford AG has analyzed the effects of the increasing spread of the coronavirus and expects this global epidemic to have a significant negative impact on the development of sales and earnings of the Wolford Group. In Italy, where the virus has hit particularly hard, Wolford's sales have fallen by about 50%

2020-03-11T17:45:33+01:00March 11th, 2020|

Change in the Wolford Management Board / Global Sales & Merchandising Director Silvia Azzali appointed as the New Chief Commercial Officer (CCO)

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 company’s Chief Commercial Officer (CCO). Starting on November 1, 2019, the Wolford manager will be responsible for the areas of Sales & Merchandising, Marketing and

2020-02-19T14:17:27+01:00October 29th, 2019|

Change in the Management Board

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

2020-02-19T14:18:16+01:00October 29th, 2019|

Financing secured for a further two years

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,

2020-02-19T14:21:29+01:00June 7th, 2019|

Wolford AG started further restructuring measures

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

2020-02-19T14:23:58+01:00February 26th, 2019|

Adjustment of outlook

After being presented with the results of the Christmas business and in light of the ongoing market weakness in January 2019, the Management Board does not expect the company to achieve positive operating earnings (EBIT) in the current 2018/19 financial year (May 1, 2018 - April 30, 2019) in spite of the positive cost effects

2020-02-19T14:26:54+01:00January 15th, 2019|

Management Board Contracts Extended for Three Years

Bregenz, 22.06. 2018. At its meeting today, the Supervisory Board of Wolford AG resolved to extend the current employment contracts of the two Management Board members Axel Dreher (CEO) and Brigitte Kurz (CFO) scheduled to expire on October 31, 2018. They have been appointed to serve until April 30, 2021 and will thus remain in

2020-02-19T13:45:56+01:00June 22nd, 2018|