DGAP-Adhoc: GERRY WEBER acquires franchised HOUSES of GERRY

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
DGAP-Adhoc: GERRY WEBER acquires franchised HOUSES of GERRY WEBER in Norway

Gerry Weber International AG / Key word(s): Miscellaneous 03.06.2014 07:34 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad-hoc release pursuant to section 15 WpHG GERRY WEBER acquires franchised HOUSES of GERRY WEBER in Norway (Halle/Westphalia, 3 June 2014) GERRY WEBER International AG has agreed to acquire eight well established HOUSES of GERRY WEBER as well as 17 multi-label stores in Norway. Under the transaction structure, GERRY WEBER will acquire 100 percent ownership of the Norwegian company operating the stores. The purchase price amounts to a total of NOK 115.75 million (approx. EUR 14 million). In addition, the parties have agreed an earn-out clause providing for a maximum of NOK 20 million in extraordinary payments subject to the attainment of certain pre-defined sales and earnings targets in the financial year 2018. The first franchisee-operated HOUSE of GERRY WEBER was opened in Norway in 2005 and the retail concept was steadily expanded in the ensuing years. All eight stores acquired as well as the 17 multi-label stores operated under the "Chantal" name are in prime locations in Norway. The acquired companies will be fully consolidated by the GERRY WEBER Group as of 1 June 2014. As of this date the vertically integrated stores will fully count towards the Group's Retail segment. Local management will remain in the competent hands of our proven Norwegian partner who will continue to support our ongoing expansion in Norway. This transaction is consistent with the GERRY WEBER Group's strategy of expanding its own Retail operations in selected core markets across Europe. "We see substantial potential for our three brand families - GERRY WEBER, TAIFUN and SAMOON - in the Norwegian market. Between 10 and 15 new HOUSES of GERRY WEBER are to be opened in Norway over the coming years. During this time we will also expand the GERRY WEBER spaces in the acquired multi-label stores and assess their potential for conversion into branded GERRY WEBER Group stores," says Ralf Weber, the Managing Board member in charge of Retail operations at GERRY WEBER International AG. Listed on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) ISIN: DE0003304101 WKN: 330410 Investor Relations Contact GERRY WEBER International AG Neulehenstraße 8 D - 33790 Halle/Westphalia Claudia Kellert Anne Hengelage phone: +49 (0) 52 01-185 8422 phone: +49 (0) 52 01-185 8522 email: c.kellert@gerryweber.de email: a.hengelage@gerryweber.de 03.06.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Gerry Weber International AG Neulehenstraße 8 33790 Halle/Westfalen Germany Phone: +49 (0)5201 185-0 Fax: +49 (0)5201 5857 E-mail: c.kellert@gerryweber.de Internet: www.gerryweber-ag.de ISIN: DE0003304101 WKN: 330410 Indices: MDAX Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Biointron's RushDATA™: Speeding Up Antibody Discovery

Updated Category News Views 207

A New Chapter in Antibody Discovery Well, color me intrigued. Biointron, a name you'd recognize if you've got even a toe in the biotech pond, just threw a serious curveball into the antibody discovery game with RushDATA™—an AI- and machine learning-driven platform that's packing a punch. And it's not just about throwing tech buzzwords around; this thing clocks...

Continue Reading
First Horizon's $25M Bet: New Center Transforms Houston

Updated Category News Views 157

New Markets Tax Credits: A Game Changer First things first, if you're thinking this is some typical charitable write-off, think again. First Horizon Bank (NYSE: FHN) is deep in the mix of something pretty transformative in the world of finance and community support. They're not just throwing money at a problem and hoping it sticks. Nope, we're talking real strategy with a...

Continue Reading
When to Switch Your LLC to S Corp Status: Tips

Updated Category News Views 79

Is Your LLC Ready for the S Corp Leap? Thinking about shifting your LLC to S corporation status? You're not alone—many business owners hit this fork in the road as their enterprise starts rolling in more dough. And if you're scratching your head wondering if this switch makes sense for your venture, listen up because timing and context are everything here. When Should...

Continue Reading
Will Hair Loss Drugs Challenge Transplant Clinics?

Updated Category News Views 73

Emerging Treatments Stir Up Hair Loss Scene You ever get the feeling we're on the brink of something big? That's where we are with hair loss treatments, folks. As of late 2026, new drugs are making waves in clinical trials, but they’re not yet giving hair transplant clinics any sleepless nights. Smile Hair Clinic's co-founders, Dr. Mehmet Erdo?an and Dr. Gökay Bilgin,...

Continue Reading
SPOC Energy's Hiring Push Signals Growth Surge

Updated Category News Views 64

A Growing Workforce for a Growing Demand Here we are, smack dab in a bustling week of business news, and among it, SPOC Energy is ramping up its workforce across Alabama. Now, SPOC isn't any run-of-the-mill operation; this Birmingham-based manufacturer messes around with advanced power conversion systems and motor-control automation—a mouthful, sure, but critical stuff...

Continue Reading
Foreigner to Rock Irvine with Night Ranger in 2027

Updated Category News Views 85

Irvine Set for a Rock Revival Talk about a blast from the past! On March 27, 2027, two titans of the rock world, Foreigner and Night Ranger, are set to ignite Irvine like it's the glory days of arena rock all over again. Hosted at the Great Park Live, this show isn't just a concert—it's a full-scale invasion of rock's golden age right into Southern California's heart....

Continue Reading
Philip Scroggie's Legacy in Global Energy Projects

Updated Category News Views 116

A Lifetime of Energy Industry Excellence When you've been around the block in the energy sector as long as Philip D. Scroggie has, you're bound to pick up a few accolades. Recognized as an Inner Circle Lifetime Member, this guy has etched his name in the annals of global energy project management. Yeah, he's been a heavyweight in the oil, gas, and LNG industries, and he's...

Continue Reading
TruGreen Finds New Growth in Birch Hill Acquisition

Updated Category News Views 204

TruGreen's New Chapter Begins In the world of lawn care, TruGreen is sowing the seeds for a revitalized future, courtesy of its recent acquisition by Birch Hill Equity Partners. Based out of Franklin, Tennessee, this powerhouse in the green arena is set to start a fresh chapter, swapping partners like old gloves after a long, 19-year stint with Clayton, Dubilier & Rice...

Continue Reading
The Melt Expands with Key Texas Franchise Deal

Updated Category News Views 130

Throwing Down the Gauntlet: The Melt Expands If there's one thing I've learned after decades watching these restaurant chains multiply like rabbits it’s this: when a veteran gets involved, you perk up. The Melt has done just that by roping in Syed Ahmad—a name that actually means something in this game—to open eight new locations in the Lone Star State. It isn't...

Continue Reading
ADI Global Faces Investor Investigation Over Major Write-Down

Updated Category News Views 60

Towering Goodwill Falls and Investor Scrutiny Well, let's dig into this mess ADI Global Distribution has found itself in. If you were hanging onto ADIG shares, your portfolio probably took quite the hit when they revealed a nasty $659 million goodwill write-down. Imagine opening up those financials and seeing about 62% of goodwill value wiped out overnight. Suddenly, that...

Continue Reading

Top 5 Most Recently Viewed Articles

Arvinas Reflects on Successful Year, Projecting Future Growth

Updated Category News Views 220

Arvinas' Notable Advances in 2024 Arvinas, Inc. (Nasdaq: ARVN), a pioneering clinical-stage biotechnology company, continues on its ambitious path, showing significant progress in 2024. The company has been steadfast in its mission to develop innovative therapies targeting debilitating diseases through its unique PROTAC platform. Their latest advancements signal a...

Continue Reading
Understanding NB Private Equity Partners and Their Recent Buyback

Updated Category News Views 256

NB Private Equity Partners Publishes Share Buyback Details Today, NB Private Equity Partners, commonly referred to as NBPE, has made significant strides to enhance its shareholders' value through a recent buyback of its Class A shares. This transaction, carried out in accordance with the general authority bestowed upon the company’s management by shareholders, showcases...

Continue Reading
China’s AI Innovations Enhance Global Development Efforts

Updated Category News Views 385

China’s Commitment to AI Development In recent years, China has made significant strides in artificial intelligence (AI) development, showcasing its dedication to fostering technological innovation and bolstering cooperation with nations around the world. One of the central aspects of this commitment was highlighted during a recent inspection tour by Chinese President...

Continue Reading
Exploring Crypto-Bound Stocks: A Guide to Peak Investments

Updated Category News Views 209

Bitcoin and Ethereum Driving Market Momentum Recently, Bitcoin experienced a significant breakout, surpassing its previous all-time high of around $112,000 and hitting new heights above $123,000. Although it has cooled off somewhat, it remains consolidated just above its previous resistance level, which now functions as a key support zone. With Bitcoin's year-to-date...

Continue Reading
Verra Mobility's Plunge: A 45% Stock Drop Shakes Investors

Updated Category News Views 147

Surprise Hit: Verra Mobility Takes a Blow Verra Mobility's situation feels like having a rug yanked out from under one's feet. The company sent its shareholders into a tailspin after disclosing a major hit: losing a contract with Avis, which accounted for more than 10% of its annual revenue. We're talking about a stock that nosedived roughly 45%—it's the kind of...

Continue Reading