85 567
Fashion Jobs
TREK
Service Manager
Permanent · CENTERVILLE
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 12 Hrs - Fashion Outlets Niagara Falls - Niagara Falls, NY
Permanent · NIAGARA FALLS
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tejon - Arvin, CA
Permanent · ARVIN
ESTÉE LAUDER COMPANIES
Keyholder - The Cosmetics Company Store - 20hrs - Tanger Outlet Center Midway - Rehoboth Beach, de
Permanent · REHOBOTH BEACH
AVEDA
Keyholder - Aveda - 25 Hrs - Kenwood - Cincinnati, OH
Permanent · CINCINNATI
MACY'S
Asset Protection Detective, FT Myers - Full Time
Permanent · FORT MYERS
MACY'S
Fulfillment Associate, Portland - Full Time (2550)
Permanent · PORTLAND
MACY'S
Asset Protection Detective, Roosevelt - Full Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Flex
Permanent · PHILADELPHIA
MACY'S
Asset Protection Security Guard, Center City - Part Time
Permanent · PHILADELPHIA
MACY'S
Asset Protection Detective, Market Place - Full Time
Permanent · CHAMPAIGN
MACY'S
Asset Protection Detective, Barton Creek Square Mall - Part Time
Permanent · AUSTIN
MOVADO GROUP
District Manager
Permanent ·
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · EAST RUTHERFORD
UNIVERSITY OF NORTH FLORIDA
Apex Accelerator Coordinator
Permanent · JACKSONVILLE
JCPENNEY
Asset Protection Associate - Patrick Henry Mall
Permanent · NEWPORT NEWS
RALPH LAUREN
Sales Professional Part Time-2
Permanent · OAK BROOK
RALPH LAUREN
Associate Manager
Permanent · JOHNSON CREEK
ADIDAS
Project Manager
Permanent · PORTLAND
ADIDAS
Sales Director
Permanent · TAMPA
LEE
PT Keyholder
Permanent · GRAPEVINE
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · WALPOLE
By
Reuters
Published
Apr 16, 2009
Reading time
2 minutes
Download
Download the article
Print
Text size

Unison Capital to bid for Aderans stake

By
Reuters
Published
Apr 16, 2009

TOKYO, April 16 (Reuters) - Japanese private equity fund Unison Capital is set to bid for at least one-third of wig maker Aderans Holdings (8170.T), raising the prospect of a proxy fight with U.S. hedge fund Steel Partners, the Nikkei business daily reported on Thursday 16 April.



Aderans shares were untraded due to a glut of buy orders after a brief suspension by the Tokyo Stock Exchange.

Steel Partners, Aderans' top shareholder with a stake of about 27 percent, has proposed the replacement of the struggling firm's management at a shareholders meeting next month.

Aderans management would endorse Unison Capital's offer and accept board members from the fund, the Nikkei said.

As early as June, Unison Capital would offer to buy a stake in Aderans for 1,000 yen per share, 30 percent above its average share price for the past three months, costing the fund at least 14 billion yen ($141 million), the Nikkei said.

Aderans said nothing had been decided on the matter and it declined to comment further.

Unison Capital officials were not immediately available.

Steel Partners succeeded at a shareholder meeting last May to oust Aderans' managers, in the first such case of Japanese management being ejected under pressure from an activist fund.

Aderans has said it was likely to report a net loss of 2.1 billion yen for the year ended in February, with its main wig business hurt by the economic slump.

The company is scheduled to announce its results at 0600 GMT on Thursday.

Shares in Aderans were bid at 955 yen, up 1.1 percent. ($1=99.32 Yen) (Reporting by Gerald E. McCormick, Taiga Uranaka; Editing by Rodney Joyce)

© Thomson Reuters 2024 All rights reserved.