71 117
Fashion Jobs
Asset Protection Detective, Full Time - Glendale
Permanent · GLENDALE
Manager, Merchandise Execution
Permanent · Scottsdale
Asset Protection Detective, Fairfield Commons - Full Time
Permanent · Beavercreek
Asset Protection Detective, Center City - Full Time
Permanent · Philadelphia
Asset Protection Hourly Supervisor, Cheshire - Full Time (2840)
Permanent · Cheshire
Asset Protection Officer, Secaucus st fj - Part Time (2840)
Permanent · Secaucus
Asset Protection Detective, Square One - Part Time
Permanent · Saugus
Asset Protection Detective, Northridge Fashion Center - Full Time
Permanent · Los Angeles
Asset Protection Officer, Goodyear - Part Time (2840)
Permanent · Goodyear
Asset Protection Detective, Newpark - Full Time
Permanent · Newark
Asset Protection Security Guard, Boston - Part Time
Permanent · Suffolk
Asset Protection Detective, Willowbrook - Full Time
Permanent · Wayne
Asset Protection Detective, Bay Plaza - Full Time
Permanent · Bronx
Asset Protection Detective, Santa Ana Mainplace - Part Time
Permanent · Santa Ana
Retail Cosmetics Stock - Clinique, Valley Fair - Full Time
Permanent · Santa Clara
Asset Protection Detective, Willow Grove Park - Full Time
Permanent · Willow Grove
Asset Protection Detective, Herald Square - Full Time
Permanent · New York
Asset Protection Captain, North County Fair - Full Time
Permanent · Escondido
Asset Protection Security Guard, Aurora Town Center - Part Time
Permanent · Aurora
Asset Protection Detective, West County Center - Full Time
Permanent · Old Saint Louis
Asset Protection Detective, Lenox Square - Part Time
Permanent · Atlanta
Merchandise Planner Wholesale, Vmi
Permanent · Columbus
Jul 19, 2019
Reading time
2 minutes
Download the article
Click here to print
Text size
aA+ aA-

Pepe Jeans refinances debt and expands capital, targeting growth

Jul 19, 2019

Pepe Jeans has managed to refinance its debt. The Spanish fashion group has signed an agreement to refinance its syndicated loan and ensure its new long-term financing plan. Shareholders approved a capital increase.

Pepe Jeans plans to consolidate growth with the refinancing plan - Pepe Jeans - Facebook

The Pepe Jeans group, as announced on Friday in a press release, has signed a refinancing agreement for its syndicated loan with 14 financial entities, in an operation co-led by BBVA, Banco Santander and CaixaBank.

The shareholders of the company also approved a capital increase "to reinforce the solvency of the group and the financial capacity required to execute the growth plans of its different brands," the brand explained.

The operation "will give the group flexibility and allow it to focus on its business plan, initiated in this fiscal year, to consolidate the growth of its brands in its main markets, implement its digitisation plan and adapt to the changes that consumer expectations and the retail industry have both undergone.”

According to Carlos Ortega, the founder, shareholder and CEO of the group, "this agreement reflects the commitment and support of the financial institutions and the shareholders of the group."

With the announcement of the agreement, Pepe Jeans is taking a definitive step in its long-term refinancing process. Earlier this year, the group hired investment bank Rothschild and consulting firm McKinsey to reduce their expenses and refinance their debt, and also arranged for L Capital, LVMH's venture capital fund, to inject money into the company to facilitate its refinancing.

The group’s operational headquarters is in Barcelona, ​​although its main market is in the United Kingdom. The Spanish company has been owned by Lebanese investment group M1 (owned by billionaire Najib Mikati) since 2015, when its sale closed for €720 million. The fashion group became loss-making in 2017, recording a loss of €13.11 million.

Copyright © 2023 FashionNetwork.com All rights reserved.