D. Matemtzis "sews" patterns for Hungary

The €200,000 acquisition of Intrafashion Group, the €5.3 million profit and the €1.12 million deal. The expansion plans for Hungary after the opening in Italy.

D. Matemtzis sews patterns for Hungary

This article is an AI translation of an original piece published in Greek. Read original

INTRAFASHION Group, the company founded and developed by entrepreneur Dimitris Matemtzis through the Pink Woman and BODYTALK brands, closed out 2025 with consolidated net profits of €5.3 million and revenue of €53.4 million.

A key milestone for the group last year was the acquisition of 100% of BODYTALK for just €200,000, as well as the establishment of INTRAFASHION GROUP ITALIA S.R.L., through which it aims to “build” a foothold in the Italian market. Both companies are included in the consolidated financial statements for the first time.

At the parent company level, sales increased by 5.8% to €49.6 million, driven by the Pink Woman brand. However, pre-tax profits fell by 22.9%, a development attributed to increased administrative and distribution expenses and higher foreign exchange costs.

Based on the findings of the financial statements, management is “looking” toward Hungary. In this context, it has established a subsidiary with the aim of acquiring a network of 35 stores in all major cities for the gradual introduction of the Pink Woman brand during the second half of this year.

At the same time, it continues to expand its operations in Italy. The investment plan also includes logistics projects and the consolidation of operations across all the group’s brands.

At the end of 2025, the group’s equity stood at €13.4 million, while cash and cash equivalents amounted to €8.36 million, providing significant financial flexibility for the next steps in its growth.

At the same time, INTRAFASHION Group proceeded with an internal restructuring of its holdings, obtaining corporate approval for a transaction worth €1.12 million involving the subsidiary INTRACCESSORIES GROUP S.A.

According to an announcement filed with the General Commercial Registry (GEMI), the extraordinary general meeting and the board of directors approved on May 8 the transfer of the company’s shares from the managing director and board member, Dimitrios Matemidis, to the INTRAFASHION Group, for a total consideration of €1.12 million.

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