Apparel & Accessories Retailers

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Hour Glass Ltd announces acquisition of a subsidiary

Tuesday, 28 Oct 2014 06:23am EDT

Hour Glass Ltd:Says it has acquired 100 pct of the issued and paid-up share capital of Watches of Switzerland Pte. Ltd. (WOS), a watch retailing company incorporated in Singapore, from the Jay Gee Melwani Group.Says aggregate consideration paid for the acquisition is about $13.3 mln.Says the purchase price was satisfied wholly in cash and was funded from internal resources.

Taste Holdings Ltd announces acquisition of Arthur Kaplan Jewellers

Tuesday, 21 Oct 2014 04:30am EDT

Taste Holdings Ltd:Enters into sale of shares agreement to acquire entire issued share capital of AKJ Holdings Proprietary Ltd from The Crown Jewel Trust and The Kenilworth Park Trust.Says purchase consideration is 85 mln Rand and will be settled in cash.Says purchase consideration shall be increased by 4.21 Rand for every 1 Rand with which PAT exceeds target amount, up to total additional amount of 35 mln Rand.

Bonia Corporation Bhd's Daily Frontier Sdn Bhd announces acquisition of Bonia Italia Srl

Thursday, 16 Oct 2014 08:00pm EDT

Bonia Corporation Bhd's Daily Frontier Sdn Bhd:Receives electronic archives of the Italian Register of Companies confirming its acquisition of 100pct of the quota capital of Bonia Italia Srl amounting to 2,500 euros from the hands of De Franceschi Gaetano and Matons Augusto Francisco, for an aggregate consideration of 1.00 euro.

Truworths International Ltd announces proposed acquisition of Earthchild

Tuesday, 7 Oct 2014 04:00am EDT

Truworths International Ltd:Signs letter of intent with shareholders of Earthchild Clothing (Waterfront) (Proprietary) Ltd (Earthchild).Says intent to acquire 100 pct of their shares in Earthchild.Says effective date of acquisition is expected to be in Q1 of 2015.

Restoque Comercio e Confeccoes de Roupas SA to incorporate Dudalina SA

Thursday, 2 Oct 2014 07:45am EDT

Restoque Comercio e Confeccoes de Roupas SA:Says approved Protocol and Justification of merger of 100 percent shares of Dudalina SA.After the merger Dudalina's shareholders will receive 50 percent Restoque's shares after new shares issue.Due to the incorporation, company will issue 174,931,254 shares, representing 50 percent of capital of Restoque after the merger, valued at approx. 1.75 billion Brazilian reais.

Stylepit A/S acquires four Norwegian brands

Monday, 22 Sep 2014 02:19am EDT

Stylepit A/S:Says has entered into a conditional agreement regarding merger with companies and assets owned by Norwegian company Conseptor AS.Says agreement entails acquisition of four brands Solid, Peppercorn (PEP), Desires and Tailored Originals, Conseptors retail activities in Denmark and Norway, and B2B webshops belonging to the four brands.Says acquisition will be financed through issuance of 184 million new Stylepit shares to Conseptor AS.Says acquired businesses are expected to generate additional revenues of 516 million Norwegian crowns in 2014 and 549 million crowns in 2015.Says purchase price corresponds to 208 million Danish crowns based on STYLEPIT's closing share price on Sept. 19.

Tomei Consolidated Bhd announces acquisition of Flawless Skin Care Sdn Bhd

Wednesday, 10 Sep 2014 08:00pm EDT

Tomei Consolidated Bhd:Says it has acquired two ordinary shares of 1.00 Ringgit each in Flawless Skin Care Sdn Bhd, a company incorporated in Malaysia for a total cash consideration of 2.00 Ringgit.The acquisition would amount to 100 pct of the entire paid up capital of Flawless Skin Care Sdn Bhd therefore upon the acquisition, Flawless Skin Care Sdn Bhd becomes a subsidiary company of TCB.Flawless Skin Care Sdn Bhd intends to carry on the business in retailing of skin care products.

Tomei Consolidated Bhd enters into shares sale and purchase agreement

Tuesday, 9 Sep 2014 08:00pm EDT

Tomei Consolidated Bhd:Enters into Shares Sale and Purchase Agreement (SPA) to purchase 1,950,000 ordinary shares of one ringgit each representing 39 pct equity interest in Gemas Precious Metals Industries Sdn Bhd (GPMI) from Schofer Germany the Chain Company GMBH & Co., KG.Says purchase is for cash consideration of 2,955,000 ringgit.Upon the proposed acquisition, GPMI will become wholly-owned subsidiary of company.Company intends to fund Proposed Acquisition from its internally generated funds.

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