Home / Knowledge / News / Fashion / Stefanel sells Hallhuber brand to Blitz 09-450
Stefanel sells Hallhuber brand to Blitz 09-450
Aug '09
Stefanel GmbH (a German Company controlled by Stefanel S.p.A.) and Blitz 09-450 GmbH (a German Company controlled by Change Capital Fund II LP Inc.) have signed an agreement for the transfer of the total share capital of Hallhuber GmbH to Blitz 09-450 GmbH. Hallhuber GmbH is a company which produces and distributes apparel products bearing the Hallhuber trademark and which has 51 stores, 33 corners and 9 outlets in Germany, totally 93 points of sales.

The agreement provides the closing for next September 10th, 2009 and is subordinated to the approval of the German fiscal authority in relation to the resolution of the existing profit and loss tax pooling agreement between Stefanel GmbH and Hallhuber GmbH.

The consideration is Eur 25 million that Stefanel GmbH will receive at closing, plus an earn out of maximum Eur 4 million whose payment will be deferred depending on the purchaser's future capital gain. Stefanel Group will employ the consideration for its ordinary business.

As per December 31st, 2008 Hallhuber Gmbh has reached Eur 58.1 million net revenues, Eur 4.9 million EBITDA and Eur 1,7 million net income. Net equity is Eur 8.4 million.

Stefanel GmbH

Must ReadView All

Courtesy: ITMA 2015

Textiles | On 21st Jun 2018

Italy to host textile machinery fair ITMA in 2023

ITMA, the trendsetting textile and garment technology platform, will...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anupam Arya

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

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Steve Cole
Xerium Technologies

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

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

Igor Chapurin

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search