Home / Knowledge / News / Apparel/Garments / Destination Maternity signs agreement with Voce Capital
Destination Maternity signs agreement with Voce Capital
29
Nov '14
Maternity apparel retailer, Destination Maternity said it has entered in to an agreement with Voce Capital Management.

Alongside, the retailer also appointed Daniel Plants, managing partner of Voce Capital to its board of directors.

Under the agreement, Voce Capital has agreed, among other things, to vote all of its shares in favour of each of the Board's nominees at the company's 2015 annual meeting of shareholders.

In addition, Voce Capital has agreed to certain other customary standstill provisions.

The retailer said, the complete agreement will be included as an exhibit to a current report on Form 8-K, which will be filed with the Securities and Exchange Commission.

Anthony Romano, CEO at Destination Maternity said, "We are pleased to have Dan Plants join our board, and we look forward to the positive contributions he will make."

"As a long-term investor, we look forward to bringing additional shareholder perspective and continue to work constructively with the company to help enhance its value," Daniel Plants said.

Destination Maternity is the world's largest designer and retailer of maternity apparel and operates 1,894 retail locations, including 568 stores.

In addition, Destination Maternity has international store franchise and product supply relationships in the Middle East, South Korea, Mexico and Israel.

As of September 30, 2014, Destination Maternity had 78 international franchised locations, including 19 Destination Maternity branded stores and 59 shop-in-shop locations.

Destination Maternity expects its first franchised locations in Israel to open in Spring 2015, pursuant to its franchise agreement with H&O Fashion Ltd. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search