Apparel & Accessories Retailers

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Radiant Logistics Inc completes acquisition of Wheels Group Inc

Thursday, 2 Apr 2015 04:42pm EDT

Radiant Logistics Inc:Completes acquisition of Wheels Group Inc.Under arrangement, Radiant purchased all of the outstanding common shares of Wheels for C$0.77 per share, payable in cash and shares of Radiant common stock.Says total equity value of transaction is about C$68.9 million, which consists of about C$33.9 million in cash and C$35.0 million in Radiant common stock.Says with historic Wheels net debt of about C$30 million that was refinanced in connection with the arrangement, total enterprise value of transaction is about C$99 million.

Yoox SpA buys Compagnie Financiere Richemont SA's Net-a-Porter in all-share deal-Reuters

Tuesday, 31 Mar 2015 02:22am EDT

YOOX SpA:Yoox agrees to acquire Richemont's Net-a-Porter (NAP) in an all-share deal that will create an industry leader in the fast-growing online luxury goods market-Reuters.Richemont will receive 50 percent of the combined entity called Yoox Net-a-Porter Group but its voting rights will be limited to 25 percent, effectively putting Yoox in charge of the newly merged business.Yoox boss, founder and minority shareholder Federico Marchetti will become chief executive of the new group while NAP founder Natalie Massenet will be executive chairman.If Yoox shareholders approve the deal in June, the deal will become effective in Sept. and the new group will launch a rights issue of around 200 million euros to fund growth, with Richemont expected to fund half the sum.

Compagnie Financiere Richemont SA - talks underway with Yoox SpA over Net-a-Porter sale - Reuters

Monday, 30 Mar 2015 07:11am EDT

Compagnie Financiere Richemont SA:It is in talks with Italian online fashion retailer Yoox over possible sale of Swiss firm's Net-a-Porter business - Reuters.

RCG Corporation Ltd announces acquisition of Accent Group Ltd and capital raising

Wednesday, 18 Mar 2015 05:36pm EDT

RCG Corporation Ltd:Entered into an agreement to acquire 100 pct. of shares in Accent Group Ltd (AGL), a New Zealand company with operating subsidiaries in Australia and New Zealand, for six times normalised EBITDA for AGL's financial year ending April 30, 2015.Purchase price is expected to be in range of $180 million to $200 million.Says that following completion of transaction, RCG shareholders will be given opportunity to subscribe for shares at no more than 70 cents under share purchase plan.Under the terms of share purchase plan, shareholders registered on March 18, will be entitled to subscribe for up to $15,000 of RCG shares to raise up to maximum of $10 million (subject to RCG’s discretion to accept oversubscriptions and scale back applications).

PAL to fully acquire NICE CLAUP through share exchange

Tuesday, 10 Mar 2015 02:00am EDT

PAL CO LTD:Says to fully acquire NICE CLAUP through share exchange.Says one share of NICE CLAUP will be exchanged for 0.11 shares of PAL CO LTD, effective June 1.NICE CLAUP will delist on May 27.

Adler Modemaerkte acquires stores in Moemlingen and Lollar

Thursday, 5 Mar 2015 03:28am EST

Adler Modemaerkte AG:Acquires "hefa Moden" stores in Moemlingen and Lollar.Will absorb employee and management teams in place at Moemlingen and Lollar stores.

Wheels Group Inc obtains interim order for plan of arrangement with Radiant Logistics, Inc.

Monday, 23 Feb 2015 05:32pm EST

Wheels Group Inc:Says that it obtained an interim order from the Ontario Superior Court of Justice (Commercial List) with respect to Wheels' previously-announced plan of arrangement with Radiant Logistics, Inc. and its wholly-owned subsidiary, Radiant Global Logistics ULC.Under the Arrangement, the Purchaser has agreed, subject to the terms and conditions of the arrangement agreement dated Jan. 20, 2015 among Wheels, the Purchaser and Radiant, to acquire all of the outstanding common shares of Wheels by way of the Arrangement.The Arrangement provides that shareholders of Wheels will be entitled to receive consideration of C$0.77 per common share.

IT Ltd's Kenchart Development proposes acquisition of land use right for setting up a logistics and distribution center in The PRC

Monday, 9 Feb 2015 04:38am EST

IT Ltd:Says Kenchart Development entered into agreement with the People’s Government of Zhangpu Town, Kunshan setting out principal terms and arrangements relating to proposed acquisition through Process and.Says if Land is successfully acquired, construction and development of logistics and distribution center thereon.The People’s Government of Zhangpu Town, Kunshan procures the notice of the Process for the assignment of the State-owned Construction Land Use Right of the Land would be published by Land and Resources Bureau by June 30.Says if Kenchart China makes successful bid for the land use right in respect of the Land through the Process, Kenchart China will enter into the Contract with Land and Resources Bureau and pay the land use right consideration.The final consideration shall be based on the outcome of the Process and the terms of the Contract.The costs of the Proposed Acquisition and Development of the Land are estimated to be about 300 mln Yuan.

Stylepit A/S acquisition agreement with Conseptor not to go through

Thursday, 29 Jan 2015 10:20am EST

Stylepit A/S:Acquisition agreement with Conseptor is not to be conducted.Share purchase agreement relating to Stylepit's acquisition of 4 clothing brands and associated retail stores from Norwegian Conseptor AS is not implemented.Share purchase agreement conditions were not met.

Radiant Logistics to acquire canada-based Wheels Group Inc

Tuesday, 20 Jan 2015 09:33am EST

Radiant Logistics Inc:To acquire Wheels Group, Inc.Says through its newly formed wholly-owned subsidiary Radiant Global Logistics ULC, has agreed to acquire all of the outstanding common shares of Wheels.Combined company will continue to trade on the NYSE MKT under the symbol "RLGT.".To purchase Wheels for C$0.77 per common share, payable either in cash or by delivery of Radiant shares valued at US$4.25 per share, for a total equity value of about C$69 mln.Transaction is expected to close early in the second calendar quarter of 2015.

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