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Chico's mulls lower buyout bid from Sycamore Partners

2019-06-20 18:43:00| Daily apparel & textile news and comment - from just-style.com

US women's wear retailer Chico's FAS has received a revised offer from Sycamore Partners to acquire the company, with the private equity firm lowering its bid to US$3.00 per share in cash.

Tags: lower partners bid chicos

 

Telenor Norway mulls appeal as NOK 788 mln competition fine is upheld

2019-06-20 09:32:00| Telecompaper Headlines

(Telecompaper) Telenor said that the Competition Complaint Board has upheld the Competition Authority's decision to impose an administrative fine of NOK 788 million on the operator for creating barriers to the creation of a third mobile network in Norway. Telenor had submitted an appeal against the fine in December 2018. CEO Petter-Bore Furberg said the Complaint Board decision had not been unanimous and Telenor has three months to appeal.

Tags: fine competition norway appeal

 
 

Forever 21 mulls restructuring?

2019-06-13 15:24:00| Daily apparel & textile news and comment - from just-style.com

US fast fashion retailer Forever 21 is reportedly mulling a restructuring that may include store closures, and has turned to lawyers for advice.

Tags: forever restructuring mulls

 

HBC sells European joint venture and mulls take-private bid

2019-06-10 17:09:00| Daily apparel & textile news and comment - from just-style.com

Canadian retailer Hudson's Bay Company (HBC) has inked a deal to sell its remaining European real estate and divest the related retail joint (JV) for CAD1.5bn (US$1.13bn) amid the news a group of its shareholders wants to take the company private.

Tags: european bid joint venture

 

G-III Apparel mulls sourcing shift out of China

2019-06-06 18:29:00| Daily apparel & textile news and comment - from just-style.com

Clothing company G-III Apparel Group says it is taking a number of steps to offset the impact of the ongoing trade war between the US and China, including reducing its production in China and raising prices.

Tags: china apparel shift sourcing

 

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