×
73 378
Fashion Jobs
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Santa Anita
Permanent · Arcadia
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Del Amo Fashion
Permanent · Torrance
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Fashion Fair
Permanent · Fresno
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch + Ypb - Manager in Training, Newbury Street
Permanent · Boston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch + Ypb - Manager in Training, Newbury Street
Permanent · Boston
ABERCROMBIE AND FITCH CO.
Asset Protection Investigator
Permanent · Nashville
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch + Ypb - Manager in Training, Newbury Street
Permanent · Boston
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Glendale Galleria
Permanent · Glendale
ALICE AND OLIVIA
Integrated Marketing Manager
Permanent · New York
MACY'S
Manager, Omni Operations
Permanent · Newark
MACY'S
Manager, Merchandise Execution
Permanent · Deptford
MACY'S
Manager, Omni Operations
Permanent · Pittsburgh
MACY'S
Manager, Asset Protection
Permanent · San Jose
MACY'S
Asset Protection Detective, Lakeside - Full Time
Permanent · Sterling Heights
MACY'S
Manager, Operations - Packing - 3x12
Permanent · Owasso
MACY'S
Asset Protection Security Guard, Valley Fair - Part Time
Permanent · Santa Clara
MACY'S
Manager, Operations - Home Fri-Sun 6:00am - 6:30pm
Permanent · Owasso
MACY'S
Manager, Merchandise Execution
Permanent · Yonkers
AESOP
Regional Training & Performance Manager | New York
Permanent · New York
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · ELLENTON
UNDER ARMOUR
Warehouse Administrator, Transportation
Permanent · MT. JULIET
URBN
Nuuly sr. Product Manager
Permanent · PHILADELPHIA
Published
Jan 23, 2023
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Seraphine shareholder claims firm is worth more than the £15.3m offer

Published
Jan 23, 2023

Troubled maternity wear chain Seraphine’s private equity owners have come under attack for a claimed attempt to return the company to private ownership on the cheap.


Seraphine


On Friday, Seraphine’s board recommended an offer by Mayfair Equity Partners to buy it back for 30p a share, valuing it at £15.5 million. 

Some 18 months ago, Mayfair had listed the firm when it sold shares at 295p each.

One major shareholder, speaking on condition of anonymity, described the approach as “egregious”.

Mayfair’s offer marked a 206% premium to the previous day’s closing share price.

Yet the unnamed top-10 shareholder said: “This will not be the last private equity firm this year seeking to profit from depressed UK smaller company valuations, but it might just be the most egregious.

“Seraphine is worth at least the 50p per share it traded at last April and potentially considerably more if it were able to remain independent until economic conditions become more favourable.”

A number of fashion and fashion-linked companies have seen their share prices falling in recent periods, making them potential targets for bidders at knock-down prices.

Ted Baker has recently been taken over by Authentic Brands Group, while Joules saw it share price declining ahead of its administration filing and purchase by Next and founder Tom Joule. Dr Martens also saw its share price dropping sharply after it released an update this month, and Boohoo’s share price fell further for the same reason, valuing it at a fraction of its former value.

Copyright © 2023 FashionNetwork.com All rights reserved.