×
81 418
Fashion Jobs
MACY'S
Manager, Business Administration
Permanent · Dublin
MACY'S
Asset Protection Security Guard, Boulder Twenty Ninth Street - Full Time
Permanent · Boulder
ATHLETA
General Manager - Westfarms
Permanent · West Hartford
NEIMAN MARCUS
sr Manager Group Sales Exp
Permanent · King of Prussia
NEIMAN MARCUS
Group Manager, Store Operations - Bergdorf Goodman
Permanent · New York
L'OREAL GROUP
Manager - Global Brand Supply Chain
Permanent · Clark
BLOOMINGDALE'S
Business Manager - Dresses, Coats, Swim & Intimate Apparel
Permanent · New York
BLOOMINGDALE'S
Business Manager - Women's International Collections
Permanent · New York
BLOOMINGDALE'S
Business Manager - Fine Jewelry, Women's Shoes, Handbags
Permanent · Chevy Chase
GAP INC
Coordinator, Asset Protection
Permanent · Fishkill
GAP INC
Manager, Transportation Network Strategy
Permanent · Erlanger
GAP INC
Analyst, Finance
Permanent · Albuquerque
NIKE
Art Director, Global – Concepts, Purpose, Athlete
Permanent · Beaverton
NIKE
Global Marketplace Operations Manager
Permanent · Beaverton
GAP
Senior Manager - Digital Product Creation
Permanent · New York
ESTÉE LAUDER
Retail Beauty Business Lead - Estee Lauder - Full-Time - Burnsville, mn
Permanent · Burnsville
TAPESTRY
Product Manager Data Engineering
Permanent · New York
JOCKEY
Full-Time Associate Manager at Jockey - Eagan, mn - $18/HR
Permanent · Eagan
L'OREAL GROUP
Marketing Manager, Global Campaigns - Maybelline Global
Permanent · New York
L'OREAL GROUP
l'Oreal Assistant Vice President, Luxe D2C Media
Permanent · New York
NORDSTROM INC
Asset Protection - Security Ambassador - Manhattan Mens
Permanent · New York
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Stoughton
Published
Oct 29, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Naked Brand Group and Sapinda investment postponed

Published
Oct 29, 2018

Lingerie company Naked Brand Group Limited is postponing the previously announced plan to receive a $25 million strategic investment from Sapinda Holding B.V.

Naked Brand Group and Sapinda investment postponed. - Facebook: Bendon Lingerie

 
“Unfortunately, the recent stock market volatility has compromised our ability to maximize our proposed investment relative to substantial dilution based upon Naked’s current share price,” said Lars Windhorst, co-founder and CEO of Sapinda, in a news staement.

“We hope to re-evaluate the proposed transaction once market conditions stabilize and look forward to building a long-term partnership with Naked in the future.”

The company announced in August that it entered into a non-binding term sheet with Sapinda, as the potential partners considered possible operating synergies.
 
The investment was also expected to provide capital to go towards funding strategic acquisitions, as well as Naked’s global e-commerce and direct-to-consumer initiatives.
 
At the time, Windhorst thought it was the perfect time to push forward with the company’s development and expansion, as Naked had just completed a merger with intimates brand Bendon.

“We remain committed to our e-commerce initiatives and look forward to working with Sapinda in the future,” added Justin Davis-Rice, chief executive officer of Naked Brand Group Limited.

“While we can’t control market conditions, we always keep the interests of our shareholders paramount and expect to provide a comprehensive update on our soon to be announced shareholder update call in November." 
 
Naked Brand Group Limited’s portfolio includes 11 company-owned and licensed brands such as namesake labels Naked and Bendon, as well as Davenport, Pleasure State and Heidi Klum Intimates.

The company’s products are distributed in 44 countries through 6,000 multibrand retail locations, as well as 61 branded Bendon stores in Australia and New Zealand, and a number of e-commerce platforms.

Copyright © 2021 FashionNetwork.com All rights reserved.