Emanuel Ungaro receives significant boost from Paris show
08 Aug '07
3 min read
Boateng sales and orders have grown from last year when performance was blighted by legal disputes and market confusion over the continuation of the licence. As reported previously this dispute was settled in Marchpole's favour by the Court of Appeal in December 2006.
Greenmark has been successfully integrated into the Marchpole business model and is performing ahead of expectations.
The retail environment in North America continues to be difficult and sales by Moda America are lower than for the same 13 week period last year. On the positive side margins have improved as a result of Marchpole's sourcing capabilities.
Our balance sheet remains strong following the improvements made during the year to 31 March 2007. There have been no significant changes in the financial position of the Group since the publication of the Annual Report for the year ended 31 March 2007.
The resignation of John Harrison as Group Finance Director was announced on 26 July 2007. A replacement is being sought and John will remain with the Group until that process has been completed.
marketing@alchempro.com
