In the first major announcement since Peter Feld took over the reins as chief executive officer from Peter Boone in April, the Group said it is to invest CHF 500 million ($563 million) over the next two years in core customer areas and in efficiency measures leading to CHF 250 million annual cost reductions supporting margins and cash flow.
Aalst, Belgium, September 6, 2023 – Ontex Group NV (“Ontex” or, the “Company”), a leading international provider of personal hygiene solutions, announces.