Home / Knowledge / News / Textiles / Lojas Renner will buy Camicado Houseware
Lojas Renner will buy Camicado Houseware
05
Apr '11
Lojas Renner S.A announces that company's subsidiary, Renner Empreendimentos Ltda., entered into the Shares Purchase Agreement whose purpose is the acquisition of all shares representing the capital of Maxmix Comercial Ltda., a company operating in the retail of housewares, bedding, bath and table linens and decor articles, under the brand "CAMICADO Houseware" and operates 27 stores in the South, Southeast and Midwest regions of the country.

The closing of this transaction is subject to the satisfactory implementation of certain conditions precedent customary to this type of Transaction, including approval by the shareholders of the Company to be convened especially for this purpose, pursuant to Article 256 of Law 6.404/76.

Considering the issued shares of the Company comply with the liquidity and dispersal requirements foreseen on Article 137, item II, of Law 6.404/76, it will not be made available to the dissenting shareholders the right to withdraw from the Company in the event of corporate conversion as of Article 256, §2º of the same Law.

Renner Empreendimentos and Sellers shall take all necessary measures for making notifications to the agencies of the Brazilian Antitrust System.

The Transaction represents another important step in consolidating the Company's business in the retail industry in Brazil and is aligned with its strategy of growth and value creation for its shareholders.

Lojas Renner S.A

Must ReadView All

Apparel/Garments | On 1st Mar 2017

CMAI's Apparel Index for Q3 shows lowest growth at 1.4 pts

CMAI’s Apparel Index for the third quarter FY 2016-17 shows that the...

Courtesy: Carter

Apparel/Garments | On 1st Mar 2017

Kidswear retailer Carter’s acquires Skip Hop Holdings

US headquartered kidswear retailer Carter’s said it has acquired Skip ...

Courtesy: Lectra

Information Technology | On 1st Mar 2017

Lectra makes new strategy for fashion in Industry 4.0 era

Lectra, the world leader in integrated technology solutions, has...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Tony Ward
Tony Ward

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
February 2017

February 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