×
59 097
Fashion Jobs
JOCKEY
Apparel Merchandise Planner - Hybrid Opportunity
Permanent · Kenosha
ON RUNNING
Talent (HR) Business Partner
Permanent · PORTLAND
MARC JACOB'S
Senior Director, Global Retail Buying
Permanent · New York
BANANA REPUBLIC
General Manager - Crocker Park
Permanent · Westlake
LEVI'S
Senior Analyst, Global DTC Business Analytics
Permanent · Remote
SALLY BEAUTY HOLDINGS LLC
IT Senior Manager, Ios/Android And Web Development
Permanent · Denton
GAP INC.
Asset Protection Coordinator - Kansas City
Permanent · Kansas City
GAP INC.
Regional Manager, Asset Protection - Great Plains
Permanent · Denver
GAP INC.
Manager, Strategic Sourcing- Operations
Permanent · Groveport
GAP INC.
Asset Protection Lead - tn
Permanent · Gallatin
NORDSTROM
Asset Protection Service Ambassador - Desert Ridge Rack (Phoenix, az)
Permanent · Phoenix
NORDSTROM
Finance Manager - Supply Chain
Permanent · Seattle
NORDSTROM
Asset Protection Agent - Desert Ridge Rack (Phoenix, az)
Permanent · Phoenix
PUMA
Junior Human Resources Business Partner
Permanent · Carlsbad
PUMA
sr. Director, Sales - City Specialty
Permanent · Somerville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, International Market Place
Permanent · Honolulu
AESOP
Full-Time Retail Consultant | Free Market
Permanent · Denver
AESOP
Part-Time Retail Consultant | Free Market
Permanent · Denver
NEIMAN MARCUS
Men's Sales Manager - Fashion Island
Permanent · Newport Beach
TALENT
Production Manager - Footwear
Permanent · New York
MACY'S
Asset Protection Detective, Queens Center - Standard Part Time
Permanent · New York
MACY'S
Asset Protection Detective, Lakeline Mall - Full Time
Permanent · Cedar Park
By
Reuters
Published
May 31, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Brazil retailer Grupo SBF again raises offer for Netshoes

By
Reuters
Published
May 31, 2019

Brazilian retailer Grupo SBF SA, which controls sports retailer Centauro, has raised its bid for Netshoes Ltd, the firm said late on Tuesday, as a bidding war for the struggling e-commerce player heated up.


In a Tuesday securities filing, SBF said it again raised its bid, to $3.50 per share, valuing the firm at about $109 million - Reuters


Brazilian electronics and appliance retailer Magazine Luiza SA first agreed to buy Netshoes in late April, offering $2 per share, but that deal was countered by a $2.80-per-share offer from Grupo SBF last week. That offer was in turn countered by a $3 per share offer from Magazine Luiza over the weekend.

In a Tuesday securities filing, SBF said it again raised its bid, to $3.50 per share, valuing the firm at about $109 million.

As part of the proposal, SBF said the firm would offer 70 million reais ($17.4 million) in financial support to Netshoes immediately following a May 30 shareholders meeting and make its products available on Netshoes’ online sales platforms.

However, in a statement on Wednesday, Netshoes said it has adjourned its May 30 shareholders’ meeting, adding that the company and Magazine Luiza expect to agree on a new date for the meeting in the coming days.

Netshoes confirmed the receipt of the Brazilian retailer’s raised offer and said its board was reviewing the offer but has not made a final determination yet.

“Accordingly, the board reaffirms its existing recommendation of the transaction with Magazine Luiza S.A. without qualification”, Netshoes said in a statement.

A representative for Magazine Luiza did not immediately respond to a request for comment.

© Thomson Reuters 2022 All rights reserved.