Home / Knowledge / News / Apparel/Garments / Lojas Renner BoD approves Leader acquisition
Lojas Renner BoD approves Leader acquisition
05
Sep '08
The second largest apparel department store chain in Brazil, Lojas Renner announces that its Board of Directors has approved the acquisition of Leader Participacoes S.A, which holds 100% of the capital stock of Uniao de Lojas Leader S.A, and, indirectly, 50% of the capital stock of Leader S.A. Administradora de Cartoes de Credito.

Complementarities and synergies of the new operation. The client overlap between the two chains is small, and the business complementarity is significant.

From a marketing point of view, both operations will be kept separate, with Lojas Renner keeping its focus on the middle and upper-middle income segments of the Brazilian population, and Leader concentrating on the emerging low income segment.

After the Leader acquisition, Renner will also hold one of the largest private label card bases in Brazil, currently with approximately 17 million cards.

By adopting Leader's compact-store format, with an average selling area of 1,500 square meters, Lojas Renner may speed up the opening of new stores, both in malls and stand-alone formats.

In 2007, the two companies together recorded sales of R$3.1 billion, 15.6 million cards issued, 14,000 employees, 133 stores and 3 distribution centers.

Leader, having good penetration in the low income market (classes C and D), is an important channel for the offer of financial services to a population with less access to banking services and greater demand for credit.

Through a joint venture with Bradesco, Leader offers a wide variety of products: interest-bearing sales, personal loans, co-branded cards (in a partnership with Visa) and revolving credit, in addition to offering insurance and capitalization bonds.

With a solid operation, 66% of total sales are conducted through its private label card, 36% of which are interest-free and 30% interest-bearing.

Lojas Renner


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Sanjukta Dutta
Sanjukta's Studio

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search