Difference between revisions of "Triumph International AG"
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* [[Wolfgang Spiesshofer]], chairman of supervisory board | * [[Wolfgang Spiesshofer]], chairman of supervisory board | ||
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* [[Wolfgang Schulze]], member of management board | * [[Wolfgang Schulze]], member of management board | ||
* [[Gerhard Reimer]], member of supervisory board | * [[Gerhard Reimer]], member of supervisory board | ||
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==Contact Information== | ==Contact Information== | ||
Revision as of 07:57, 4 January 2009
{{#badges: GlobalCorpWiki}}
 | |
| Type | Private |
|---|---|
| Genre | Intimate apparel & sleepwear |
| Founded | 1886 |
| Founder(s) | Braun & Spiesshoffer |
| Headquarters | Switzerland |
| Revenue | USD 1,600,000,000 (2006) [1] |
| Owner(s) | Spiesshofer & Braun |
| Employees | > 30,000 [2] |
| Website | http://www.triumph.com |
Triumph International AG is a manufacturer of lingerie and sleepwear for women and men. Its products are marketed under such brand names as Form & Beauty, Amourette, BeHappy, Triaction, Slipi, Sloggi, Mamabel, Night & Home, BeeDees and HOM. Although founded in Germany, the company is now headquartered in Switzerland. It is privately owned in its entirety by the family Spiesshofer & Braun.
Contents
Company History
In 1886, founders Braun and Spiesshoffer started operations in a barn in Heubach, Germany. The name "Triumph" was registered as trademark in 1902 and became Europe's largest corsetry manufacturer during the 1930s. In 1933, the company opened its first international branch in Zurzach, Switzerland, where the global holding company is based today. After World War II, the expansion continued in Norther Europe, and on to Southern Europe, Asia and the Middle East during the 1960s. The corporate structure was decentralized, a business strategy that enabled customers in each country to be served by locally based designers and business partners with particularly strong commitments to regional fashion trends and cultural conditions. During the 1970s, the company entered the Brazilian markets, took over ´House of Jenynsª in Australia and launched licensing production in South Africa. Production, sales and export subsidiaries were founded in the Philippines and Thailand, together with licensed sales operations in Indonesia and a subsidiary in Chile; production works in China followed in 1980. In the last fifteen years, the company has added countries, including Uruguay, Canada, New Zealand, Korea, Sri Lanka and Vietnam, and in Eastern Europe, Hungary, Poland, the Czech Republic, Slovenia and Russia. It has established production plants with ultra-modern technology in Bangkok and Morocco, and - heralding the opening of the Chinese market - opened branches in Shanghai and Peking, while continuing to operate its first production plant in Heubach.[3]
Historical Financial Information
Business Strategy
Political and Public Influence
Paragraph information
Political Contributions
Lobbying
Corporate Accountability
Paragraph
Labor
- 2001: adopts code of conduct (download from "code of conduct" section)
- 2001: joins Global Compact, but does not comply with reporting requirements [1]
Campaigns:
- 1999 dispute in Thailand: The labor union at Triumph International of Thailand Ltd. said in a statement Triumph had closed their factory in Bang Plee in the outskirts of Bangkok on July 17. They want the company to give them an 8% wage rise for the coming two years, according to officials from the labor ministry. The company, which makes swim suits, sportswear and lingerie under the Triumph brand, as well as for adidas, Jockey, and other brands, had informed their 5,000 workers management decided to cut their wage increases in the next three years. [4]
- 1999 dispute in Philippines: BPMTI (Triumph union) went on strike last November 18, 1999 after reaching a deadlock on CBA negotiation. The union demands for a P140.00 total wage increase over the next three years with increase on other economic benefits, while the Company offered a CBA package of P45 wage increase without any additional on the current benefits. Union officials also expressed concern over the management's strategy to pattern its dealings with its Philippine workers with the labor dispute in its Thailand plant. Triumph International Philippines also manufactures for Marks & Spencer, Mast, and Victoria's Secret. [5]
- 2001: protests against Triumph's refusal to quit production in Burma, including 1.5 km of barbed wire bras hung at the companies Belgian offices. Company closes factory in 2002.[6]
Human Rights
Environment
"Triumph International's philosophy is that the environment should be given the same high level of importance as the company's economic and social concerns.In December 1998, Triumph received the Best Environment Management award from Austrian Industry not long after gaining ISO 14001 and EMAS certification.Triumph International AG Austria also received certification of its conversion to 'environmental-conscious innovations, ideas and production processes that represent all humanistic and ecological standards' under OEKO-TEC STANDARD 1000. The company was the first in Austria and the third in Europe to fulfill all the certificate's criteria," states on its website.[7]
Consumer Protection and Product Safety
Anti-Trust and Tax Practices
Social Responsibility Initiatives
Business Scope
Triumph's products span women's intimates and casual apparel, though women's underwear accounted for 81% of the company's revenue in 2005. Triumph International AG manufactures these products and distributes them through its sole subsidiary, Triumph International Vertriebs-GmbH.[8]
Brands
- Triumph
- Sloggi
- Bee Dees
- Vaisere
- HOM
- Form & Beauty
- Amourette
- BeHappy
- Triaction
- Slipi
- Mamabel
- Night & Home
Customers
Suppliers
Company produces in a range of countries, including China, Malaysia, Hungary, Philippines, Thailand, Sri Lanka, South Africa, Vietnam, Tunisia, South Africa.
Identified suppliers:
- Seardel (South Africa)
- Bodyline (Sri Lanka)
- Triumph/Body Fashion (Thailand)
| Customers | Suppliers | Creditors | Competitors |
|---|---|---|---|
| Customer 1 | Supplier 1 | Creditor 1 | Competitor 1 |
| Customer 2 | Supplier 2 | Creditor 2 | Competitor 2 |
| Customer 3 | Supplier 3 | Creditor 3 | Competitor 3 |
| Customer 4 | Supplier 4 | Creditor 4 | Competitor 4 |
Financial Information (as of DATE)
Ticker Symbol:
Main Exchanges:
Investor Website:
| Shareholder | % Total Shares held |
|---|---|
| Shareholder 1 | % Held 1 |
| Shareholder 2 | % Held 2 |
| Shareholder 3 | % Held 3 |
| Shareholder 4 | % Held 4 |
Largest Shareholders
Triumph International operates in dozens of countries worldwide, its business divided geographically Europe, Asia, Africa, America, and Austrailasia.[9]
| Country | Revenue | Profits | Assets | Employees |
|---|---|---|---|---|
| Country 1 | Revenue 1 | Profit 1 | Assets 1 | Employees 1 |
| Country 2 | Revenue 2 | Profit 2 | Assets 2 | Employees 2 |
| Country 3 | Revenue 3 | Profit 3 | Assets 3 | Employees 3 |
| Country 4 | Revenue 4 | Profit 4 | Assets 4 | Employees 4 |
Governance
Board members & affiliations
- Wolfgang Spiesshofer, chairman of supervisory board
- Dieter Braun, vice chairman of supervisory board
- Gerhard Geuder, member of management board
- Wolfgang Schulze, member of management board
- Gerhard Reimer, member of supervisory board
Contact Information
Promenadestrasse 24
Zurzach
Switzerland
Tel.: +41 (56) 269 91 91
Fax: +41 (56) 269 92 03
Web site: http://www.triumph.com
Articles and Resources
Books on the Company
Related SourceWatch Articles
Sources
- ↑ Triumph, Triumph International website, accessed July 2008.
- ↑ Triumph, Triumph International website, accessed July 2008.
- ↑ Triumph International, "Triumph International", Triumph International website, accessed July 2008.
- ↑ Asian Economic News 02/08/99
- ↑ BusinessWorld Philippines 10/01/00
- ↑ "Good news: Triumph closes factory in Burma!!!", Clean Clothes Campaign, January 28, 2002.
- ↑ Triumph International, "Environmental Protection", Triumph International website, accessed July 2008. (This is not a direct link).
- ↑ "Business.com: Triumph International Profile" Accessed January 2009.
- ↑ "Triumph Homepage" accessed January 2009
External Resources
On July 29, 2008, Jitra Kotshadej, the president of the Triumph International Labor union, was terminated for “damaging” the reputation of Body Fashion Thailand, a subsidiary of Triumph International. This stemmed from a television appearance five months earlier when Kotshadej wore a shirt reading “Those who do not stand are not criminals. Thinking differently is not a crime,” a statement referring to the right to not stand when the royal anthem is played.
From July 30 through September 13, the 2000 workers at Body Fashion staged a 45 day strike to reinstate Kotshadej. Triumph International took the case to court. Meanwhile, it agreed to rehire the workers who walked out in support of Kotchadej without disciplinary action, with one month’s back wages. However it refused to reinstate Kotchadej, only agreeing to pay her back-wages. Her dismissal was upheld by the court.
On September 23, the labor court agreed to retry the case. Body Fashion will continue to pay her wages until her appeal is finalized. Kotshadej is awaiting retrial on November 17. Meanwhile, workers who participated in the strike are not being assigned work and are therefore denied much-needed bonuses.
Complied using the following articles:
http://www.cleanclothes.org/urgent/08-09-23.htm
http://www.cleanclothes.org/urgent/08-11-06.htm
http://www.bangkokcompanies.com/asian_company_profiles/body_fashion.htm
http://www.cleanclothes.org/urgent/08-08-25.html#action
http://www.thailabour.org/tlc08en/?p=40
