Home / Knowledge / News / Textiles / Completion of Camicado Houseware's acquisition
Completion of Camicado Houseware's acquisition
13
May '11
Lojas Renner S.A. informs that on the present date, the Company's subsidiary, Renner Empreendimentos Ltda., completed the acquisition of 100% of the shares the total capital stock of Maxmix Comercial Ltda., a company operating in the retail industry of houseware, bedding, bath and table linen as well as decor articles, under the trademark "Camicado Houseware” and which operates 28 stores in the South, Southeast and Midwest regions of Brazil.

According to the Share Purchase Agreement executed on April 4th, 2011 (“Agreement"), the Transaction's total amount is of R$165 millions, from which will be deducted (i) the price adjustments established under the Agreement on the amount of R$ 12,689,729.39; and (ii) the retained amount of R$15 million, which will be used to take on any indemnifiable losses eventually identified in the acquired company and which shall be released (totally or partially) in favor of the sellers during the period of 5 years counting from the date hereof.

The Transaction represents one more important step towards the consolidation of the Company's business in the Brazilian retail industry, aligned with its growth strategy and value creation for its shareholders.

Lojas Renner S.A.

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Mark Paterson
Technical Absorbents Ltd

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

Kevin Nelson
TissueGen

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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