Corporate News

  • Press release on the Annual General Meeting 2015 Venue: Hotel Hilton München Park, Am Tucherpark 7, 80538 Munich
    Munich, May 13, 2015 – LUDWIG BECK AG (ISIN DE 0005199905) held its Annual General Meeting on May 13, 2015, attended by almost 600 shareholders, shareholders‘ representatives and guests, who represented approximately 80% of the share capital and thus just under 3 million votes. All agenda items were approved by overwhelming majority votes.
  • LUDWIG BECK acquires the men’s fashion store chain WORMLAND
    Munich, May 13, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) yesterday announced the full acquisition of the Hanover-based men’s fashion store chain WORMLAND. The fashion company, which was founded in 1935, is considered the “avant-gardist in men’s fashion“ in the German retail sector, a genuine lifestyle brand offering a unique trading concept. Germany-wide, the company is represented with 15 branches. In 2014, it produced sales in the amount of approximately € 79.6m with a total of 465 employees on a sales area of 13,600 sqm.
  • LUDWIG BECK concludes first quarter of 2015 at previous year’s level – trade slides noticeably into the red
    Munich, April 23, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) concluded the first quarter of 2015 at the previous year’s level. While the trade scored a loss of 5% in aggregate in the period under report, LUDWIG BECK was able to demonstrate remarkable stability even though the company was still exposed to restraining influences like dwindling numbers of free-spending tourists from Eastern Europe and protracted municipal construction works at Munich’s Marienplatz.
  • LUDWIG BECK still on growth track in 2014 despite negative branch trend – Executive and supervisory board proposes to increase the dividend by 50% to € 0.75 (previous year: € 0.50)
    Munich, March 30, 2015 – The Munich fashion group LUDWIG BECK (ISIN DE 0005199905) remained on its growth track in the fiscal year 2014. The Group was thus able to further pursue its course of stability, and to successfully defy problematic factors like counter-cyclical weather patterns, a decline in tourist visits from Eastern Europe or protracted construction works on the mezzanine subway/suburban train level at Munich’s Marienplatz.
  • LUDWIG BECK increases gross sales - online business continues to grow
    Munich, January 8, 2015 – According to preliminary figures, gross sales of Munich fashion group LUDWIG BECK (ISIN DE 0005199905) rose by € 0.6m to € 102.7m (previous year € 102.1m) in the 2014 fiscal year. That is a 0.5% gain in sales compared to the previous year. Textile retail had to accept a sales decrease of 3% for the past fiscal year (source: TextilWirtschaft). Holiday sales figures in December had a conciliatory effect for LUDWIG BECK. While, according to TextilWirtschaft, the textile retail sector recorded a 4% loss in sales for December, LUDWIG BECK was able to significantly increase sales and gained 8.2%.

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