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

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

India's retail sales to cross $1,244.58 bn by 2018: study

Apparel/Garments | On 20th Jul 2018

India's retail sales to cross $1,244.58 bn by 2018: study

Growing at a rate of about 15 per cent and registering a double digit ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search