Alberta Ferretti

EQS-News: Wolford AG: Management Board welcomes resolved capital increase

Retrieved on: 
Thursday, December 1, 2022

Bregenz, December 1, 2022: The Extraordinary General Meeting of Wolford AG today voted in favor of a capital reduction and a subsequent capital increase.

Key Points: 
  • Bregenz, December 1, 2022: The Extraordinary General Meeting of Wolford AG today voted in favor of a capital reduction and a subsequent capital increase.
  • The capital increase is to be implemented in the first quarter of 2023.
  • Upon implementation of the capital increase, the Company will receive up to 20,157,450.00 euros.
  • "Wolford AG will receive up to EUR 20.2 million as part of these capital measures, which will increase the equity ratio to around 10 percent.

EQS-News: MySize Acquires Naiz Fit To Consolidate Apparel Sizing Solutions And Position Company As A Potential Leader Helping Serve $1 Trillion Global Fashion Industry

Retrieved on: 
Monday, November 7, 2022

The nearly $1 trillion global fashion industry is no stranger to innovation.

Key Points: 
  • The nearly $1 trillion global fashion industry is no stranger to innovation.
  • Thanks to technological advancements in the e-commerce fashion industry, apparel, footwear and accessories sales ballooned in 2021, hitting $180.5 billion in the U.S. alone.
  • MySize also anticipates its combined Naiz Fit and MySizeID sizing solution revenue to contribute an additional $1 million in revenues in 2023.
  • The acquisition of Naiz Fit could position MySize as a leading company in measurement solution technologies for retail, helping the company boost revenue and grow its customer base.

Through Recent Acquisition, MySize Gains Strong Foothold in High-Value, Trend-Setting European Fashion Market

Retrieved on: 
Wednesday, November 2, 2022

"We believe retailers and fashion brands across the globe look to what's successful in Europe.

Key Points: 
  • "We believe retailers and fashion brands across the globe look to what's successful in Europe.
  • MySize can now leverage its European headquarters in Spain to better reach and serve a global customer base, creating solid, steady growth for our high-margin SaaS fashion-tech solutions."
  • Europe's apparel market, estimated at $397 billion in 2022, is larger than the U.S.'s at $312 billion .
  • MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout.

MySize Acquires Spain's Naiz Fit

Retrieved on: 
Wednesday, October 12, 2022

MySize is acquiring Naiz Fit for $500,000 in cash and 6 million shares of MySize common stock, and up to an additional $1,550,000 in future cash based on the achievement of performance-based milestones plus a shortfall payment of approximately $450,000 payable in 2026.

Key Points: 
  • MySize is acquiring Naiz Fit for $500,000 in cash and 6 million shares of MySize common stock, and up to an additional $1,550,000 in future cash based on the achievement of performance-based milestones plus a shortfall payment of approximately $450,000 payable in 2026.
  • MySize expects its combined Naiz Fit and MySizeID sizing solution revenues to contribute an additional $1 million revenues in 2023.
  • For customers who do not want to use photos, Naiz Fit implements statistical modeling algorithms to determine size and fit based on height, weight, age, gender, and fit preference.
  • Borja Cembrero Saralegui, Co-Founder of Naiz Fit, commented, "Our current customers will benefit significantly from Naiz Fit joining forces with MySize, a Nasdaq listed company with global reach serving some of the largest retailers in the world, and offering complementary products such as FirstLook Smart Mirror.

EQS-News: Wolford AG: 2022 Half-Year Figures: Strategy Meets Sales Expectations

Retrieved on: 
Friday, September 23, 2022

With sales of 54.3 million for the reporting period from January to June 2022, Wolford recorded an improvement of 29.4% compared to the first half of 2021.

Key Points: 
  • With sales of 54.3 million for the reporting period from January to June 2022, Wolford recorded an improvement of 29.4% compared to the first half of 2021.
  • The sales growth is spread across almost all geographical regions and distribution channels.
  • Following the significant sales growth achieved in the first half of 2022, the Management Board is confident that Wolford will stabilize the positive sales trend in the second half of the year.
  • Wolford is on course in its quest to beat the previous years sales in 2022 despite the still difficult market conditions.