×
56 870
Fashion Jobs
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · South Gate
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Columbus
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Sioux Falls
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Minnetonka
BANANA REPUBLIC
E-Commerce Merchandising Coordinator, Banana Republic Japan Online (Remote)
Permanent · San Francisco
LULULEMON
Assistant Manager, Operations | Wellesley
Permanent · Wellesley
LULULEMON
Assistant Manager, Operations | s. Galena Street (Aspen, CO)
Permanent · Aspen
LULULEMON
Assistant Manager, Operations (Contract) | West County Center
Permanent · St. Louis
MACY'S
Asset Protection Captain, Fresno Fashion Fair - Full Time
Permanent · Fresno
MACY'S
Asset Protection Detective, Visalia - Full Time
Permanent · Visalia
MACY'S
Asset Protection Detective, Boynton Beach - Full Time
Permanent · Boynton Beach
MACY'S
Asset Protection Detective, White Marsh - Full Time
Permanent · Nottingham
MICHAEL KORS
f/t Sales Supervisor, Christiana Mall
Permanent · Newark
NORDSTROM
Assistant Manager - Specialty Coffee - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Asset Protection - Security Ambassador - Towson Town Center
Permanent · Towson
ROSS STORES
Store Protection Specialist
Permanent · Englewood
ROSS STORES
Store Protection Specialist
Permanent · Pembroke Pines
MACY'S
Asset Protection Detective, Lakeforest - Full Time
Permanent · Gaithersburg
MACY'S
Asset Protection Detective, Easton - Full Time
Permanent · Columbus
MACY'S
Asset Protection Detective, Auburn - Full Time
Permanent · Auburn
MACY'S
Asset Protection Detective, Santa Anita - Full Time
Permanent · Arcadia
By
Reuters
Published
Oct 5, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Funds eye Italian retailer Coin; shares up

By
Reuters
Published
Oct 5, 2010

MILAN, Oct 5 (Reuters) - Private equity funds Clessidra and Carlyle [CYL.UL] said on Tuesday they were interested in Italy's Guppo Coin (GCN.MI), helping shares in the department store chain rise to a nine-year high.

Coin
Coin Group

PAI Partners is selling its 69 percent stake in Coin, which owns the Coin and Oviesse stores. In January, Coin bought smaller rival Upim, becoming the biggest clothing retailer in Italy.

"It's a very nice company with an excellent management," Clessidra CEO Claudio Sposito told reporters on the sidelines of a private equity conference. "It is a big operation, we could make it through a consortium with an international player."

Separately, Carlyle managing director Marco De Benedetti said at the same event his fund would certainly look at Coin but declined to say whether it would join forces with a partner.

By 1401 GMT Coin shares were up 4.7 percent in heavy volume to 7.76 euros after reaching the highest level since September 2001 at 8.03 euros earlier, which valued Coin at more than 1.1 billion euros ($1.5 billion). The broader Milan index .FTITLMS was up 1.6 percent.

PAI Partners, which is advised by UBS (UBSN.VX) and Mediobanca (MDBI.MI), aims to auction its stake by the end of 2010, a source close to the matter said last month.

Two sources close to the matter have said the whole company is worth 1.5 billion euros. The average estimate of six analysts values Coin at around 1.1 billion euros, according to Thomson Reuters I/B/E/S. Expressions of interest are expected in the first week of November. Sources have said equity funds Apax, Cinven [CINV.UL], TPG [TPG.UL] and Investindustrial are also interested.

(Writing by Danilo Masoni; Editing by Sharon Lindores) ($1=.7261 Euro)

© Thomson Reuters 2022 All rights reserved.