Van de Velde acquired 100% of the Andres Sardá business and 100% of the shares of Eurocorset.
Andres Sardá is a premium lingerie brand marketed in Spain and internationally by Eurocorset, with sister brands Risk and University.
"The Sardá brands will have a role as international premium brands in the worldwide brand portfolio of Van de Velde. Van de Velde sees high growth opportunities for the brands in existing and new markets.
This acquisition reflects our previously stated intention to strengthen our brand portfolio, especially in the premium segment and primarily with a southern European brand", said Ignace Van Doorselaere, CEO of Van de Velde.
In 2007 Eurocorset generated turnover of 13 million euros and a recurrent operating profit (EBITDA) of approximately 1 million euros.
Van de Velde, a European seller of luxury lingerie with an annual sales of 130,3 million euros last year, operates in Europe and North America.
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