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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

2019-11-26T14:03:33+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

2019-11-26T14:03:33+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,

2019-11-26T14:03:51+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

2019-11-26T14:03:52+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

2019-11-26T14:03:52+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

2019-11-26T14:03:53+01:00June 22nd, 2018|

Wolford AG: Implementation of the approx. EUR 22 million capital increase by 11 July 2018 – subscription period 21 June until 5 July 2018

18 June 2018 Today, the management board of Wolford AG set the subscription period from 21 June until and including 5 July 2018 as well as the value date of 11 July 2018 for the ordinary capital increase from currently EUR 36,500,000 to EUR 48,848,227.88 by issue of 1,719,151 new shares.   As already resolved upon

2019-11-26T14:03:53+01:00June 18th, 2018|

Fosun Industrial Holdings Limited is the new majority shareholder after closing of the share purchase agreement dated 1 March 2018.

Fosun Industrial Holdings Limited and representatives of the former major shareholder group (WMP Familien-Privatstiftung, Sesam Privatstiftung und M. Erthal & Co. Beteiligungsgesellschaft m.b.H. and related natural persons) informed the company that the share purchase agreement dated 1 March 2018 (see ad hoc announcement dated 1 March 2018) was successfully closed today. Fosun Industrial Holdings Limited

2019-11-26T14:03:53+01:00May 4th, 2018|

Capital increase of around EUR 22 million approved, Dr. Junyang Shao is the new chairperson of the supervisory board.

Today's extraordinary general meeting of Wolford AG resolved to increase the share capital from EUR 36,350,000 to EUR 48,848,227.77 by issuing 1,719,151 new ordinary shares. The issue price (Ausgabebetrag) per new share amounts to EUR 12.80; the total issue price amounts to EUR 22,005,132.80. The new shares have a profit entitlement (Gewinnberechtigung) as of 1 May 2017. The

2019-11-26T14:03:53+01:00May 4th, 2018|