Corporate News

  • Due to the corona pandemic and the officially ordered lockdown, LUDWIG BECK had to accept significant sales losses in the first half of 2020
    München, July 23, 2020 – The coronavirus pandemic and the nationwide ordered lockdowns in the first half of the year cost stationary fashion retailers more than a third of their sales compared to the same period last year. According to a survey by the TW Testclub, stationary fashion retailing closed the first half of 2020 with a decline of 35 percent on average. Ninety percent of the participating retailers reported sales declined by 20 percent and more. The coronavirus pandemic has made an additional serious blow to the highly competitive textile retail trade, which had already been struggling with a general decline in customer frequency, unfavourable weather, and a weakening buying mood in recent years
  • LUDWIG BECK – Significant decline in sales and earnings in the first quarter of 2020 due to COVID-19 shutdown
    Munich, April 23, 2020 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) ended the first quarter of 2020 with a significant sales decline of 22.6% due to the officially ordered closing of the shops on March 18, 2020, as a result of the development of the COVID-19 pandemic.
  • LUDWIG BECK postpones Annual Shareholders’ Meeting 2020
    München, April 16, 2020 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) has decided not to hold the company’s Annual Shareholders’ Meeting as scheduled on May 18, 2020, but to postpone it to a later date in 2020.
  • LUDWIG BECK closes a challenging 2019 financial year with sales at the previous year's level
    Munich, March 26, 2020 – In the 2019 financial year, Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) generated sales at the previous year's level with its remaining business divisions. After the sale of the WORMLAND group division, LUDWIG BECK focused on the core business in the parent company at Marienplatz in Munich.
  • LUDWIG BECK’s gross sales in line with expectations
    Munich, January 08, 2020 – The Munich Fashion Group LUDWIG BECK (ISIN DE 0005199905) generated net sales from continued operations of € 94.9m in 2019 – 0.6% below previous year’s level of € 95.5m.

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