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

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Cambodia’s economic growth to remain strong in 2017 & 2018

Apparel/Garments | On 14th Dec 2017

Cambodia’s economic growth to remain strong in 2017 & 2018

Cambodia’s economy is expected to grow at 6.9 per cent and 6.8 per...

2 garment factories to be set up in Jordan’s Arjan, Souf

Apparel/Garments | On 14th Dec 2017

2 garment factories to be set up in Jordan’s Arjan, Souf

Jordanian Prime Minister Hani Mulki recently laid the foundation...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

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

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Steve Cole
Xerium Technologies

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

Eric Scholler
Groz-Beckert

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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