The preliminary transaction, signed on July 19, 2012 has been finalized and closed, on time and on budget, following completion of all agreed conditions precedent. The total price of 10.7 m€ is being paid in cash (9.5 m€) from available liquidity and in TXT stock (238,854 new TXT common shares, for a value of 1.2 m€). These shares will be subject to lock-up until 31.12.2013, and the price will be adjusted to reflect Maple Lake cash and working capital at the date of closing.
Textiles | On 23rd Jun 2017
Hans-Christian Meyer, former president of Ralph Lauren Corporation,...
Apparel/Garments | On 23rd Jun 2017
Uware Brands has entered into a licensing agreement with Polaroid for ...
‘In future, clothing boundary lines will become increasingly blurred.’
Shades of India
Women value something that is unique and has a flavour of India
‘New vendor is welcome if he offers cost, quality and timely delivery’
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Coating at a fibre level is a practice not usually seen in the...
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
"We should not compare India and the West. There are things we do that...
Information Technology | On 18th Jun 2017