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COMPANY PROFILE

Etam Developpement
SCA

REFERENCE CODE: 6A7AD85C-18C6-42BA-BC18-2FB3798831A3

PUBLICATION DATE: 18 Aug 2017
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Etam Developpement SCA
TABLE OF CONTENTS

TABLE OF CONTENTS

Company Overview ........................................................................................................3

Key Facts ......................................................................................................................... 3
Business Description .....................................................................................................4
History ............................................................................................................................. 5
Key Employees ...............................................................................................................7
Major Products & Services ............................................................................................8
Top Competitors .............................................................................................................9
Locations And Subsidiaries ........................................................................................10

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Etam Developpement SCA
Company Overview

Company Overview

COMPANY OVERVIEW
Etam Developpement SCA (Etam) is a women’s wear retailer based in France. The company is involved
in the designing, distribution and retailing of women’s fashion products through a wide network of stores.
Its product portfolio include ready-to-wear clothing consisting of casual, city and formal wear, lingerie,
cosmetics and accessories. Etam also offers various services including gift cards, gift wrapping and
loyalty program services. It markets these products under three brands such as ETAM, Undiz and 1.2.3.
The company also retails its products online through www.Etam.com and www.1-2-3.fr. The company’s
operations are spread across France, China, Belgium, Germany, Taiwan, Iran, Thailand, Spain, Poland,
Portugal, Switzerland and Italy. Etam is headquartered in Paris, France.

The company reported revenues of (Euro) EUR1,292.1 million for the fiscal year ended December 2016
(FY2016), a decrease of 0.3% over FY2015. In FY2016, the company’s operating margin was 3.1%,
compared to an operating margin of 3.5% in FY2015. In FY2016, the company recorded a net margin of
1.8%, compared to a net margin of 2% in FY2015.
Key Facts

KEY FACTS

Head Office Etam Developpement SCA

78 rue de Rivoli
Paris
Paris
FRA
Phone 33 1 55907070
Fax
Web Address www.etamdeveloppement.com
Revenue / turnover (EUR Mn) 1,292.1
Revenue (USD Mn) 1,429.8
Financial Year End December
Employees 14,509
Euronext Paris Ticker TAM

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Etam Developpement SCA
Business Description

Business Description

BUSINESS DESCRIPTION
Etam Developpement SCA (Etam) is an apparel and accessories retailer based in France. The company
principally designs and sells ready-to-wear clothes, lingerie and accessories under Etam, 1.2.3 and Undiz
brands through wide network of stores in 52 countries. Each of the company’s brands designs its own
collections and uses a global network of subcontractors and textile manufacturers.

The Etam brand offers ready-to-wear clothing, lingerie and women’s accessories. Its ready-to-wear
collection includes basic, city wear, weekend wear and casual chic which include during the week and at
the weekend wear. Its lingerie collection includes nightwear, home wear, maternity, daywear, swimwear
and accessories. Since its launch in 2000, the company’s e-store, www.Etam.com, has been one of the
largest French textile websites with more than three million unique connections per month.

The 1.2.3 brand established in 1983, principally offers a wide range of ready-to-wear clothing and women
accessories. Its collection includes city living, formal wear and casual wear. The 1.2.3 branded store are
operated under mixed ownership model and maintains an e-store, www.1-2-3.fr.

The Undiz brand includes lingerie for both men and women, which targets 15-25 year olds. It also offers a
mini-collection of underwear basics for men. Using mix and match approach, Undiz is involved in offering
22 collections a year. Since its establishment in 2007, it recorded an excellent commercial performance,
confirming its position as a genuine brand.

As of December 2016, the company operated 3,906 sales outlets comprising 749 stores in France, 239
stores in Europe excluding France, 2,596 in China. It also operated 322 international franchises and Etam
ready-to-wear stores in Belgium, Italy and India. Geographically, the company’s operations span across
France, China, Belgium, Germany, Luxembourg, Spain, Poland, Portugal, Switzerland and Italy.
Etam categorizes its business operations into three geographic regions: France, China and other
countries. In FY2016, France accounted for 58% of the company’s total revenue, followed by China
(29%), other European countries (8%) and international franchises (5%).

The major domestic subsidiaries of the company include Etam 1.2.3. SAS, COVI 2 SAS, ELAN
INDUSTRIES SAS, Entrepots COMPANS SAS, Etam Lingerie SAS, Etam Poland, Etam Pret -a-Porter
SAS, Etam SAS, ETAM SCE SAS, IFEM SA, NORTEX SAS, UNDIZ SAS and SHANGHAI AIGE
CLOTHING Co. Ltd. In China, Etam operates through Modasia Holding S.A.

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Etam Developpement SCA
History

History

HISTORY
Etam Developpement SCA was established.

The company opened its first Etam store in Paris.

The company introduced ready-to-wear line, Etam Pret-a-Porter.

The company launched its 1.2.3 brand.

Etam opened its first sales outlet in China.

The company was listed on the Paris Stock Exchange under the ticker symbol ‘TAM’.

The company opened Cite de la Femme flagship store.

Etam entered into the Indian market through a joint venture.

The company launched the Undiz brand.

Etam discontinued the joint venture created in India.

The company planned to open new stores in the Middle East (Dubai, Oman and Abu Dhabi) under the
brands Etam and 1.2.3.

Etam opened a new 175 sq. m. two-storey concept store.

The company launched E&Joy brand in China.

Etam repurchased 2,835,916 own shares of the maximum number of shares authorized to be
repurchased, equal to 2,857,142 shares.

Etam opened 21 stores under Undiz brand.

The company opened 416 stores in China.

The company opened first international store in Barcelona, Spain.

The company opened Undiz branded 12,000 sq. m. warehouse in Longueuil, for handling merchandise
flows to stores and for the website.

The company launched a new e-commerce site: Undiz.com.

The company divested the lingerie business in Italy.

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History

The company closed 210 nonprofit stores.

The company opened nine new stores in Europe and 20 stores outside Europe.

The company launched E-commerce version of mobile website besides launching 80 sites in 18
countries.

The company introduced innovative ranges and products in footwear, underwear, and lingerie innovation
category.

The company opened 42 new stores.

The company opened 89 new stores of which 39 stores under Etam brand, 26 under Undiz brand and 24
under 1.2.3 brand.

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Key Employees

Key Employees

KEY EMPLOYEES

Name Job Title Board

Laurent Milchior General Manager Senior Management
Pierre Milchior General Manager Senior Management

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Etam Developpement SCA
Major Products & Services

Major Products & Services

MAJOR PRODUCTS & SERVICES

Etam is a women’s fashion apparel retailer in France. The major products and services offered by the
company include the following:

Products:

Ready-To-Wear Clothing
Lingerie
Accessories
Cosmetics

Services:

Etam Gift Cards

Gift Wrapping
Loyalty Programs
E-Retail

Brands:

Etam
1.2.3.
Undiz

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Top Competitors

Top Competitors

TOP COMPETITORS
The following companies are the major competitors of Etam Developpement SCA

Barbara Bui SA
Benetton Group SpA
Body One S.A.
Camaieu
Cesar SA
Devernois S.A.
GERRY WEBER International AG
Montaigne Fashion Group SA

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Locations And Subsidiaries

Locations And Subsidiaries

LOCATIONS AND SUBSIDIARIES

Head Office

Etam Developpement SCA

78 rue de Rivoli
Paris
Paris
FRA
Phone:33 1 55907070
www.etamdeveloppement.com

Other Locations and Subsidiaries

1.2.3. SAS 123 Luxembourg

FRA LUX
COVI DEUX ELAN INDUSTRIES
FRA FRA
Entrepots COMPANS Etam Lingerie SAS
FRA FRA
Etam Poland Etam Pret -a-Porter SAS
POL FRA
Etam SA ETAM SCE SAS
57/59 Rue Henri Barbusse 57-59 rue Henri Barbusse
Clichy Cedex FRA
Clichy Cedex Phone:33 1 5590 7070
FRA Fax:33 1 4948 7001
IFEM - ETAM Modasia Holding S.A.
C/. Hierro, 9 CHN
2a planta, nave 7
Madrid
Madrid
ESP
Phone:34 914 683098
NORTEX SA Shanghai Aige Apparel Co.,Ltd
FRA 389# Jinmenguangchang607Shi Pudongxin District
Jinwan Road
Pudongxin
Shanghai
Pudongxin
Shanghai
CHN
Phone:86 21 58999333

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Locations And Subsidiaries

Fax:86 21 88492599
UNDIZ SAS
6 Rue Casteres
FRA
Phone:33 1 5590 7070

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