(Filed Under Financial and General Interest News). Belgian lingerie company Van de Velde reported a 8.2 percent increase in revenue in 2011.

Revenue rose from from €166.3 million to €179.9 million, or $211.6 million to $228.9 million at the current exchange rate. This figure includes retail turnover from Intimacy, the intimate apparel chain that is 85 percent owned by Van de Velde, as well as Rigby & Peller, the U.K. chain in which Van de Velde purchased an 87 percent stake in August 2011.

Excluding the figures from Intimacy and Rigby & Peller, Van de Velde’s growth amounts to 2.2 percent. Over fiscal 2011, Intimacy generated turnover of $38.4 million, up 8.4 percent from $35.5 million in 2010.

The Van de Velde Group produces lingerie brands including Marie Jo, Prima Donna and Andres Sarda and has a long-term strategy to expand and develop brands focused on fit, style and fashion in Europe and North America.

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Published 01-12-2012 by Katherine Rautenberg