Van De Velde Nv Reports Earnings Results for the Full Year Ended December 31, 2020

Van de Velde NV is the Belgian leading of the design, manufacturing and marketing of luxury women's lingerie (Marie Jo, PrimaDonna and Andres Sarda brands). Net sales break down by type of stores as follows: - specialized stores (77.3%): multi-brand stores, large stores and major department stores; - owned and franchise stores (22.7%). Net sales are distributed geographically as follows: Belgium/Germany/the Netherlands (72.6%), the United Kingdom/Switzerland/ the United States (27.4%).