La Vie en Rose Sales Decline Second Year, Net Profit Halves

Greek fashion retailer La Vie en Rose reports second consecutive year of declining sales and a 50% drop in net profit, with a high-cost network of 306 employees and a cash reserve of €30.3 million. The company faces operational inefficiencies amid a challenging retail environment. This signals deteriorating financial health for a mid-cap consumer firm, but the market impact is limited to the company's equity.