Corporate News

Munich, August 13, 2019 – At the Supervisory Board meeting on 12 August 2019, the following changes on the Executive Board of LUDWIG BECK AG were resolved.

By mutual amicable agreement, Mr Dieter Münch (64) will leave the company on 31 August 2019. Mr Münch started his career in the controlling department in 1980 and was appointed to the Executive Board in 1998. During this time he was responsible for Finance, Personnel and IT. The Supervisory Board would like to express its gratitude for his many years of successful and loyal service to LUDWIG BECK. The decisions he made during this time led to the successful implementation of key measures which enabled the company to grow over many years and to consolidate in an increasingly difficult business environment.

Munich, July 25, 2019 – After the sale of the WORMLAND business segment on April 30, 2019, the Munich Fashion Group LUDWIG BECK focuses once again on the core business at Marienplatz in Munich and on the online trade. Therefore, reporting according to IFRS 5 will generally relate to continued operations starting with this 2019 half-year report.

Munich, June 3, 2019 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on June 3, 2019, attended by approx. 500 shareholders, shareholders’ representatives and guests. Short of 80% of the share capital equaling 2.9m votes were represented. All agenda items were approved by overwhelming majority votes.

Munich, April 25, 2019 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2019 with a sales growth of 0.5%, thus surpassing the industry average. With this result, the company was able to hold its own in the difficult environment of a German fashion trade that is still in a state of upheaval.

Munich, 15 April 2019 – Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) has parted company with the men's fashion chain WORMLAND, which it has owned since 2015. The sale process initiated at the end of January has now reached the hoped-for swift conclusion.