Tom Tailor successfully completes BONITA acquisition

 Through the takeover the new Tom Tailor Group has become a new heavyweight in the European fashion industry. With the Tom Tailor and Bonita brands, the expanded Group now operates more than 1,350 retail stores with more than 6,100 employees in its core markets of Germany, Austria, Switzerland and Benelux.

'We are delighted to announce the completion of the takeover of Bonita as we enter into an additional, attractive growth segment. This step marks the beginning of a new era for Tom Tailor and Bonita. We will now begin to work on the integration process and on bringing together the strengths of both brands. Tom Tailor's expertise in design and the proven retail expertise of Bonita will open up new opportunities and allow us to grow profitably together,' said Dieter Holzer, Chairman of the Management Board (CEO) of Tom Tailor Holding AG.

Tom Tailor announced the acquisition of Bonita on June 20, 2012. The purchase price consists of a cash consideration amounting to approximately EUR 146 million, as well as around 6 million new Tom Tailor shares from a capital increase in kind from authorised capital. The seller, Bonita International GmbH & Co KG, a wholly owned subsidiary of the non-profit foundation Versorgungs- und Förderungsstiftung Vaduz, Liechtenstein, now holds a 24.9% stake in Tom Tailor, and will not exceed this threshold in the long term. The new Tom Tailor shares from the capital increase in kind may not be traded within the first three years and are therefore not available for sale.

The Tom Tailor Group is an international and vertically integrated lifestyle company. It offers stylish casual wear and accessories for men, women, teenagers and children in the medium price range.

Bonita is one of the leading European fashion brands in the area of combination fashion for women and men over 40 years of age. The ability to combine clothing items of excellent quality and suitability which can be used as coordinate outfits is at the heart of Bonita’s fashion and forms the basis for its collections.

The Tom Tailor