Palmers in the Red
The Austrian lingerie company has to accept operational losses in addition to an unprofitable acquisition.
The situation remains tense for the luxury lingerie company. The acquisition of the French lingerie manufacturer Lejaby is proving to be more and more just a rescue case. The Lejaby group taken over in 2008 wrote losses for over € 5.0m in the fiscal year 2009/10, after € 8.2m in the previous year.
The consolidated financial statements 2009/10 show sales for € 170.8m, after…