Compagnie Chargeurs Invest maintains growth in the first quarter
Compagnie Chargeurs Invest, the French textile specialist, reported revenue of €187.8 million for the first quarter of 2025, spanning January to March. This marks a 5.6% rise overall and a 2.8% increase organically, achieved against a backdrop of global market uncertainty.
Within the Fashion & Luxury division, the Personal Goods segment posted the strongest growth, up 21.4%, although it remains a smaller contributor at €3.4 million. Luxury Fibers generated €21.5 million in revenue, down 6.9%, while Chargeurs PCC, specializing in technical fabrics, posted €51.6 million, a slight gain of 0.6%.
The group's Innovative Materials division, which includes Novacel protective films, recorded €74.3 million in revenue, up 2.6%. Meanwhile, the Culture & Education division, which provides services to museums and cultural institutions, surged 31.2% to reach €37 million.
'This performance reflects the quality of our portfolio, marked by sectoral and geographical diversification,' said chairman and CEO Michaël Fribourg. 'We approach the year with confidence, backed by strict management of performance and cash flow, which ensures long-term value creation.'
Having introduced a new brand identity in January, Chargeurs closed fiscal 2024 with €729.6 million in revenue, representing growth of 11.9% overall and 10.7% on an organic basis.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
21 minutes ago
- Fashion Network
Louis Vuitton names Carole Bildé new SVP of image and communications
has appointed Carole Bildé to be its new SVP of image and communications. Bildé joins Vuitton from champagne house Veuve Clicquot Ponsardin, another stellar marque within the luxury conglomerate LVMH Moët Hennessy Louis Vuitton. At Veuve Clicquot, Bildé was chief marketing and communications officer. 'I am pleased to announce the appointment of Carole Bildé as Senior Vice President, Image and Communication, effective June 10, 2025. She will report to me,' said Louis Vuitton CEO Pietro Beccari in a memo to staff which has seen. With over 25 years of experience working for communication agencies and luxury brands, Bildé is a recognized figure in the communications field. She first joined LVMH in 2018, when she began at the prestigious champagne brand Veuve Clicquot Ponsardin. 'In this key role, she brilliantly orchestrated the brand and communications strategy, while driving a dynamic of marketing innovation and cultural identity… I'm sure you'll all join me in giving Carole the warmest of welcomes in her new role,' added Beccari. At Vuitton, Bildé's mission will be to manage the brand's image and communications strategy, amplify the house's influence and affirm its position as a leader in the world of luxury by drawing on the expertise of its dedicated teams. In this organization, Matteo Golinelli and the visual merchandising teams will also report directly to Beccari. Prior to joining LVMH, Bildé was the worldwide head of brand, communications, digital, and e-commerce at Chloé. Previously, Bildé spent 12 years at ad agency behemoth Ogilvy & Mather as an associate director. Bildé succeeds Blake Harrop, who will soon be taking on new responsibilities within the group. 'I'd like to thank Blake. He has played an active role in launching new strategic partnerships, which have strengthened the brand's global influence. I wish him every success in his new role,' added Beccari. Harrop joined Vuitton in early 2024, and though his time at Louis Vuitton was short, it was also busy. During his tenure at Vuitton, the brand launched a global campaign featuring Zendaya for its Murakami collection. While in New York, his department oversaw the unveiling of a gigantic trunk façade at Vuitton's flagship 57th Street store. His time at the French brand also coincided with Vuitton's heavy dive into Formula One, becoming a major sponsor whose brand name now features in giant crescents over each championship race. Prior to joining Louis Vuitton, Harrop was president at the advertising agency Wieden+Kennedy for 13 years, where he led its Tokyo, Shanghai and Amsterdam offices, creating dynamic campaigns with brands such as Nike, Instagram, Hennessy, Airbnb, Meta, Samsung and Ray-Ban.
LeMonde
34 minutes ago
- LeMonde
Trump and Xi seek trade reset in first direct call since tariff escalation
US President Donald Trump held a long-awaited phone call with Chinese President Xi Jinping on Thursday, June 5, as the leaders of the world's two biggest economies tried to avoid an all-out trade war. Trump said that the call reached a "very positive conclusion" and that they agreed to meet in person – but Beijing issued a more muted readout saying that Xi spoke of a need to "correct the course" of ties. The call – the first to be publicly announced since Trump returned to power in January – comes after Beijing and Washington had accused each other of jeopardizing a trade war truce agreed last month in Geneva. "The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries," Trump said on Truth Social, adding that US and Chinese trade teams would hold a new meeting "shortly." "President Xi graciously invited the First Lady and me to visit China, and I reciprocated. As Presidents of two Great Nations, this is something that we both look forward to doing," Trump added. Trump said they would announce the time and place of the "soon to be meeting" later. The two leaders did not, however, discuss Russia's invasion of Ukraine, Trump said, despite long-standing US hopes that Beijing could exert influence on Moscow to end the war. "The conversation was focused almost entirely on TRADE," said Trump, adding that they hoped to have resolved issues over crucial rare earth minerals used in tech products. Relations between superpower rivals Beijing and Washington have been fraught ever since Trump introduced sweeping worldwide tariffs in April that targeted China most heavily of all. At one point the United States hit China with additional levies of 145% on its goods as both sides engaged in tit-for-tat escalation. China's countermeasures on US goods reached 125%. Trump had accused Xi as recently as Wednesday of being "extremely hard to make a deal with." Chinese state media said Trump had requested the call. There was no immediate confirmation from the White House. 'Correcting the course' In its more restrained readout, Beijing said that relations needed more work. "Correcting the course of the big ship of Sino-US relations requires us to steer well and set the direction, especially to eliminate all kinds of interference and even destruction, which is particularly important," Xi told Trump, according to state news agency Xinhua. It said Xi told Trump he was welcome to visit China again, following an earlier visit during his first term in 2017. Learn French with Gymglish Thanks to a daily lesson, an original story and a personalized correction, in 15 minutes per day. Until Thursday, the two leaders had not had any confirmed contact for more than five months since the Republican returned to power, despite frequent claims by the US president that such a call was imminent. Trump said in a Time magazine interview in April that Xi had called him – but Beijing insisted that there had been no call recently. Beijing and Washington agreed in Geneva last month to slash their staggeringly high tariffs for 90 days, but the two sides have since traded blame for derailing the deal. Trump argued last week that China had "totally violated" the agreement, without providing further details. China's commerce ministry hit back this week, saying the Trump administration had since introduced "discriminatory restrictive measures," including revoking Chinese student visas in the United States. Trump then dialed up tensions this week. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" he posted Wednesday on his Truth Social platform. Washington has meanwhile targeted Chinese nationals who entered the US both legally and illegally, with the president vowing to aggressively revoke Chinese student visas. Trump has separately ramped up tensions with other trade partners, including the European Union, by vowing to double global tariffs on steel and aluminum to 50% from Wednesday.
France 24
2 hours ago
- France 24
Ait-Nouri, Reijnders to join Man City for Club World Cup
Wolves left-back Ait-Nouri is expected to complete a £34 million ($45 million) move to the Etihad Stadium over the weekend, Sky Sports reported. An initial £46 million deal for Dutch midfielder Reijnders has been agreed with AC Milan, along with add-ons potentially taking the transfer to £59 million. City chairman Khaldoon Al Mubarak promised last week to conduct "swift" transfer business in order to give Pep Guardiola's men the best chance of winning the Club World Cup. Lyon playmaker Rayan Cherki could also be signed in time for the tournament in the United States as negotiations between City and the French club are ongoing. City will face Moroccan side Wydad AC and Emirati club Al Ain before a clash of European heavyweights with Juventus in the group stage, which kicks off on June 14. After missing out on a major trophy in the recently completed season for the first time since 2016/17, City are hoping to bounce back quickly with a major overhaul of Guardiola's squad. They also spent more than £172 million in January on Omar Marmoush, Abdukodir Khusanov, Vitor Reis and Nico Gonzalez. The raft of new arrivals, however, could spell the end of England winger Jack Grealish's City career. Grealish, who remains City's record signing after a £100 million move from Aston Villa in 2021, will reportedly be left out of Guardiola's 35-man squad for the Club World Cup.
