×
92 293
Fashion Jobs
RALPH LAUREN
General Manager
Permanent · Destin
GAP
Asset Protection Coordinator - Fulton Street Mall
Permanent · New York
GAP
General Manager - Los Cerritos
Permanent · Cerritos
NIKE
Merchandising Manager, Men’s, Nike Direct Digital Commerce – Asia Pacific Latin America
Permanent · Beaverton
NIKE
Merchandising Manager, Women’s, Nike Direct Digital Commerce – Asia Pacific Latin America
Permanent · Beaverton
NIKE
Merchandising Manager, Kids & Accessories, Nike Direct Digital Commerce – Asia Pacific Latin America
Permanent · Beaverton
NIKE
Director, Supply Chain Operations, North America Sports Marketing
Permanent · Beaverton
NIKE
Lifecycle Marketing Manager – Retention
Permanent · Beaverton
NIKE
Senior Business Analyst, North America Sports Marketing
Permanent · Beaverton
ROSS STORES
Loss Prevention Associate - 2nd Shift
Permanent · Carlisle
NEW BALANCE
Production Manager
Permanent · Methuen
L'OREAL GROUP
Packaging Operator, Saturday-Monday Days
Permanent · Franklin Township
BATH & BODY WORKS
Senior Manager Asset Protection
Permanent · ATLANTA
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - ny 59th st
Permanent · NEW YORK
ABERCROMBIE KIDS STORES
Abercrombie Kids - Manager in Training, Woodlands
Permanent · The Woodlands
MACY'S
Multi-Store Detective, Westshore - Full Time
Permanent · Tampa
MACY'S
Manager, Merchandise Execution
Permanent · San Antonio
MACY'S
Manager, Merchandise Execution
Permanent · Bronx
MACY'S
Visual Security Officer Associate, Scottsdale Fashion Square - Full Time
Permanent · Scottsdale
MACY'S
Asset Protection Captain, Center City - Full Time
Permanent · Philadelphia
MARC JACOB'S
Sales Supervisor
Permanent · Camarillo
MARC JACOB'S
Stock Supervisor
Permanent · Houston
By
Reuters
Published
Jul 18, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hobbs owner sees pick up in investment opportunities

By
Reuters
Published
Jul 18, 2013

LONDON, England - Britain's 3i said on Thursday it had seen a pick up in investment opportunities in the United States and northern Europe and said it would boost payouts to shareholders.

3i, owner of women's fashion chain Hobbs and Tommee Tippee baby bottle maker Mayborn, has spent the last year restructuring following shareholder frustration at its poor share price performance and weak results from its buyout business.

The group has completed or announced 443 million pounds ($672.2 million) of divestments in the three months to June 30.

In May, for example, it sold UK software provider Civica to OMERS Private Equity, while the same month it reduced its stake in drug research company Quintiles via a listing in New York.

Chief Executive Simon Borrows said: "We have started to see a pick up in interesting investment opportunities across our private equity platform, particularly in the United States and more recently in Northern Europe."

Finance Director Julia Wilson told reporters 3i was particularly looking at U.S. businesses with a European angle, and countries and sectors it has had a good previous track record such as Germany, and industrials.

The group's net asset value grew 5 percent to 326 pence per share in the last three months.

Gross debt at the end of the quarter was 913 million pounds, meeting its target of getting it below 1 billion pounds by June.

As a result of this, and the fact gearing is below 20 percent, 3i said it plans to distribute between 15 and 20 percent of gross proceeds from its divestments to shareholders. It said so far it had 665 million pounds available to distribute.

Shares in 3i, which have risen more than 70 percent since the start of the year, were down 0.3 percent at 380.3 pence by 0714 GMT

© Thomson Reuters 2022 All rights reserved.