Fashion
Switzerland’s Calida narrows sales decline, lifts profit in 2025
The group recorded an operating result (EBIT) of CHF 9 million (~$11.6 million) compared with CHF 4 million in the previous year, lifting the EBIT margin to 4.2 per cent from 1.7 per cent. Excluding Cosabella, the combined EBIT margin of Calida and Aubade reached 6.7 per cent, approaching the company’s medium-term target range. Operating net profit improved significantly to CHF 7.6 million (~$9.8 million) from CHF 0.5 million a year earlier, Calida Group said in a press release.
Calida Group has reported net sales of CHF 215.9 million (~$278.5 million) in 2025, down 5 per cent YoY.
EBIT rose to CHF 9 million (~$11.6 million) and net profit to CHF 7.6 million (~$9.8 million), supported by strong Calida and Aubade performance.
The group maintained solid liquidity and continued Cosabella repositioning while targeting future profitability improvement.
The group maintained a solid financial base with net liquidity of CHF 25.1 million and an adjusted equity ratio of 67.9 per cent, while free cash flow reached CHF 9.8 million. The board proposed a cash dividend of CHF 0.25 per share, corresponding to a payout ratio of 23 per cent in line with its long-term dividend policy.
“After a challenging first half of 2025, the Calida Group developed positively in the second half and achieved operational improvements on sales and profitability. By deliberately and systematically forgoing discount-driven growth and strategically positioning Calida and Aubade in the premium segment, the brands were strengthened in the long-term. Overall, 2025 was another year defined by a persistently challenging market environment,” said Thomas Stocklin, CEO of the Calida Group.
“Geopolitical uncertainty, US trade and tariff policies, and muted consumer sentiment in our core markets impacted the entire industry. In this environment, the Calida Group has demonstrated strategic discipline and, step by step, is evolving in the desired direction. Today, our group is more agile and efficient. Combined with our financial strength, this positions the Calida Group to pursue well-considered organic as well as external growth opportunities, allowing us to look to the future with confidence,” added Stocklin.
Operationally, the company continued implementing its efficiency-focused strategy by reintegrating functions into individual brands, streamlining group management structures and strengthening capabilities across product management, marketing, operations and sales.
Brand-wise, Calida generated sales of CHF 145.1 million, declining modestly as store traffic softened, although e-commerce growth and a strong Christmas season supported second-half performance. The brand improved its operating contribution margin through higher gross margins and ongoing cost optimisation while reinforcing its premium market positioning.
Aubade recorded sales of CHF 58 million amid weak consumer sentiment in France and the strategic withdrawal from unprofitable channels following the pandemic-driven demand surge. Nevertheless, margin performance strengthened through strict cost management, ongoing rebranding initiatives and progress in expanding export markets, particularly in the United States.
Cosabella reported sales of CHF 12.8 million, extending its negative growth trajectory and contributing higher losses as the brand remains in an intensive repositioning phase under strategic review. The group is targeting a turnaround towards operational break-even in 2026.
Overall, the group indicated that organisational restructuring, inventory optimisation and disciplined channel management enhanced agility and cost efficiency, positioning the company for future growth while aiming to improve group profitability further as Cosabella’s performance stabilises.
Fibre2Fashion News Desk (SG)
The increase was driven largely by energy prices, as declines in regulated and non-regulated energy products eased significantly. In contrast, inflation in services slowed, Istat said in a press release.
Italy’s inflation rose to 1.7 per cent year on year in March 2026, driven by higher energy, according to Istat. Monthly inflation stood at 0.5 per cent.
Core inflation eased to 1.9 per cent, while services inflation slowed.
The HICP increased 1.6 per cent annually, with lower-income households experiencing relatively smaller price rises than higher-spending groups.
Core inflation, which excludes energy and unprocessed food, moderated to 1.9 per cent from 2.4 per cent, while inflation excluding energy eased to 2.1 per cent.
On a yearly basis, goods prices rose 0.8 per cent compared with a slight decline in the previous month, while services inflation slowed to 2.8 per cent from 3.6 per cent. This narrowed the inflation gap between services and goods.
On a monthly basis, the rise in the index was mainly led by increases in regulated energy prices, up 8.5 per cent, and non-regulated energy prices, up 5 per cent, along with gains transport services.
The harmonised index of consumer prices (HICP) rose 1.7 per cent MoM and 1.6 per cent YoY, slightly above the earlier estimate. In the first quarter, inflation remained lower for households with weaker spending capacity compared with higher-spending households.
Fibre2Fashion News Desk (SG)
The decision was taken during a meeting of the council of ministers that was chaired by the Transitional President Captain Ibrahim Traore.
Burkina Faso has announced the full nationalisation of Burkinabe Company of Textile Fibres (Sofitex), citing rising debt, declining production and inefficiencies.
Sofitex was a mixed-ownership firm, in which the state held a majority stake.
Full state ownership is expected to lead to tighter financial discipline, improved governance and a restructuring of operations to boost efficiency.
Sofitex was a mixed-ownership cotton company, in which the state held a controlling majority stake and private investors owned a minority share valued at about 75 billion CFA francs.
A 2025 valuation cited by the government places Sofitex’s total worth at 338.14 billion CFA francs (~$607 million), with the private stake valued at just over 75 billion CFA francs for 976,400 shares.
The company’s cotton production fell by 24-26 per cent to under 300,000 metric tonnes in the 2024-2025 season.
Full state ownership is expected to lead to tighter financial discipline, improved governance and a restructuring of operations to boost efficiency, according to a domestic media outlet.
Fibre2Fashion News Desk (DS)
Markham joins from Whistles, where she served as Creative Director. She was previously Global Design Director at Topshop and Design Director at ASOS. She succeeds Queralt Ferrer who steps down after four years with the Partnership.
John Lewis has appointed Jacqui Markham as fashion creative director, overseeing own-brand womenswear, menswear and childrenswear.
She joins from Whistles and succeeds Queralt Ferrer.
The move strengthens investment in design, quality and relevance, alongside digital growth, Oxford Street refurbishments, exclusive collaborations and an expanded line-up of global fashion brands.
The appointment marks the next phase in John Lewis developing its own brand fashion, with clear creative direction and continued investment behind it.
Markham brings a strong track record of building distinctive, successful collections with a focus on design, quality and relevance for customers.
Her appointment comes alongside John Lewis’s continued investment in fashion, including upgrades to shops and digital, and the recent refurbishment of womenswear and menswear at the Oxford Street flagship store.
This month also sees the launch of the second John Lewis x Rejina Pyo collaboration, and a new 15-piece exclusive capsule collection from Amanda Wakeley. These will complement the expanded line-up of new brands including Samsoe Samsoe, MOTHER, St Agni, Patagonia, Belstaff, Missoma and Completedworks.
Rachel Morgans, John Lewis Director of Fashion, said: “I look forward to welcoming Jacqui to John Lewis at a defining moment for our fashion business. She brings a wealth of expertise and a proven ability to create exceptional design and will support our future creative vision.”
Jacqui Markham commented: “I am very excited to join the Partnership and to work together with all the teams toward a shared vision for the future of John Lewis. It feels like a seminal moment in the long history of the Partnership, and I cannot wait to get started to help shape that vision and bring our collective ideas to light.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
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