Art & Fragrance, which was recently negatively impacted by fragrance sales, ended the 2015 financial year with a consolidated net profit of 8.5 million euros, up from 2014's 5.3 million euros. The company has announced that it will be renamed Lalique Group SA.
According to the company, the Lalique brand contributed 67% of the group's total revenue in 2015. The renaming will boost the profile of this key portfolio brand and build awareness internationally.
According to the company, the beauty segments (perfume and cosmetics) will continue under a new sub-holding company, Art & Fragrance SA.
In addition, the company reaffirmed board members Silvio Denz (chairman), Roland Weber, Marc Roesti, Roger von der Weid and Claudio Denz. Silvio Denz and Roger von der Weid were re-elected as members of the remuneration committee.
