In the private label segment, the company recorded a decline of -3.6% compared to the previous year. This follows a strong 2018 in which the Davidoff and AVO brands celebrated anniversaries with various products and activities.
Outlook 2020
However, the dynamics of the coronavirus pandemic have also had a significant impact on Oettinger Davidoff's business, particularly in the Global Travel Retail division. "The consequences of this extraordinary and unprecedented situation are not clearly foreseeable from today's perspective. 2020 will also be a challenging year for us," says Beat Hauenstein, CEO Oettinger Davidoff.
Nevertheless, the company is confident about the future. For example, the long-term investment in the "crop-to-shop" philosophy is said to have proved efficient, allowing the company to supply customers with the highest quality. "Being a reliable partner in times of crisis is another important quality aspect for us," Beat Hauenstein continues.