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Apparel & Accessories Retailers

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Charles Voegele Belgium will apply for judicial reorganization through transfer of business operations

Monday, 13 Jun 2016 12:00pm EDT

Charles Voegele Holding AG :Charles Voegele Belgium will apply for judicial reorganization through transfer of business operations.

PAL updates transition to holding company structure and it to change company name

Tuesday, 12 Apr 2016 02:30am EDT

PAL CO LTD:Says to transfer clothing and sundries business (entire business excluding group management business) to preparatory company that to be established on April 1, for transition to holding company structure.Planned effective Sep. 1.To change company name to PAL GROUP Holdings CO.,LTD, with effective date Sep. 1.Says previous release disclosed on March 29.

PAL announces transition to holding company structure

Tuesday, 29 Mar 2016 02:00am EDT

PAL CO LTD:To restructure the company into a holding company, planned effective Sep. 1.To establish a wholly owned subsidiary in Osaka in the early of April as preparatory company for the company's transition to holding company.

Venue Retail Group implements new strategy, sets new targets, issues shares

Thursday, 24 Mar 2016 03:20am EDT

Venue Retail Group AB:Says sets new financial targets, adpopts new strategy‍​.Board decides on fully guaranteed 132 million Swedish crown new preferential rights issue.Subscription price in 132 million crown issue 1 crown per series B share.Board proposes directed issue of series C shares to all holders of the convertible loan of around 79 million crown convertible loan.Says guaranteed issue and convertible loan redemption adds total 211 million crowns in equity‍​​.Says to close 35 stores.Overview and closing of stores will give one-off costs of 164 million crowns of which 119 million crowns will hit Q2 and 45 million crowns in Q3.Sets new target to reach 5-7 percent EBIT margin on accessories within 3-5 years​​.Sets new target to reach 7-9 pct EBIT margin on shoes within 3-5 years.Strategic review includes among other things structural transactions, capital structure and other possible changes, all in order to achieve a long-term financial stability and profitability.Parallel to the long-term package of measures, the company will continue to evaluate other strategic alternatives in order to quickly achieve satisfactory profitability.

I Kloukinas I Lappas SA Construction and Commercial Co terminates unit's activity and gives FY 2016 outlook

Friday, 26 Feb 2016 06:40am EST

I Kloukinas I Lappas SA Construction and Commercial Co:Terminates activity of unit KLSLV in Slovenia‍​.Estimates company's FY 2016 results to burden loss 700,000 euro.Estimates group's FY 2016 results to burden loss 300,000 euro.

bebe stores Inc announces organizational restructuring

Friday, 19 Feb 2016 07:00am EST

Bebe Stores Inc:announces organizational restructuring.Says manny mashouf rejoins management team as chief executive officer.Says walter parks rejoins as president, chief operating officer, and interim-chief financial officer.Says instituted a workforce reduction that will result in the elimination of a total of about 45 positions.Says about a 14.6% reduction in corporate headcount.Streamlining design and merchandising teams, while reducing support functions in recognition of the rationalization of the store base.Expects to incur a one-time severance charge of about $3.7 million in the third fiscal quarter of 2016.Says reductions are expected to yield annualized pre-tax cost savings of about $6.0 million.Recognize that the overall macro environment has not been favorable to retailers in general".Former chief executive officer and board member Jim Wiggett and former chief financial officer liyuan woo are no longer with the company.

Shinsegae International to merge with subsidiary

Thursday, 14 Jan 2016 03:31am EST

Shinsegae International Co Ltd:To merge with a wholly owned subsidiary, VIDI VICI COSMETIC CO., LTD, which is engaged in the manufacture of cosmetic business, to improve operating efficency and create synergy.Merger effective date of April 1 and registered date of April 1.The company will survive and the subsidiary will be dissolved after the merger.

Fila Korea announces closing of outdoor business division

Thursday, 17 Sep 2015 10:57pm EDT

Fila Korea Ltd:Suspends the operation of its outdoor business division due to uncertainty of business prospect.The suspended amount is 23,862 mln won.

Cima plans to merge with subsidiary

Monday, 14 Sep 2015 02:10am EDT

Cima Co Ltd:To merge with its Tokyo-based wholly owned subsidiary on Nov. 1.Says the subsidiary to be dissolved after the transaction.

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