>>
Home / Knowledge / News / Fashion / Macintosh Retail Group to buy Scapino shoe chain

Macintosh Retail Group to buy Scapino shoe chain

01
Feb '06
Dutch retail group Macintosh has reached an agreement in principle with Retail Network on the proposed acquisition of shoe retailer Scapino by Macintosh Retail Group. If the relevant procedures are completed successfully and the acquisition is approved by the General Meeting of Shareholders of Macintosh Retail Group, the acquisition can be effected retroactively on February 1, 2006.

The acquisition of Scapino will make a direct positive contribution to net earnings per share of Macintosh Retail Group.

Macintosh Retail Group and PSP Holding BV (subsidiary of Retail Network) have concluded an agreement setting out the general terms and conditions on the basis of which parties are prepared in principle to effect the purchase of the shares of Scapino by Macintosh Retail Group from Retail Network per February 1, 2006.

The agreement contains conditions concerning obtaining a positive recommendation or approval from, among others, the central works councils of the parties involved, the Netherlands Competition Authority and the General Meeting of shareholders of Macintosh Retail Group NV. It also includes conditions relating to a due diligence investigation to be conducted by Macintosh Retail Group.

If the relevant procedures and the due diligence investigation are completed successfully, it is expected that a final agreement can be concluded at the end of February 2006, following which a request for approval to acquire Scapino with retroactive effect on February 1, 2006 can be made at an extraordinary general meeting of shareholders of Macintosh Retail Group to be held in mid-March 2006.


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

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

Leave your Comments

ESTEEMED CLIENTS

International Textile Manufacturers Federation
Aquarelle Clothing Limited
Tchibo GmbH
Tory Burch Hong Kong Ltd
KIABI
Puma
BIMBA ;& LOLA SL
Vardhman Textile Ltd
Sportswear Company Spa
Alix Partners
Midas Clothing Limited
Gokaldas Exports Limited
Tommy Hilfiger
Desigual - ABASIC, S.A.
Lacoste (Wanchai)
Seasalt Limited
Decathlon
Huntsman (Singapore) Pte Ltd
Sainsbury's Argos Asia Limited
John Varvatos
Vianney Textil Hogar S.A. De C.V.
Phong Phu international JSC (PPJ)
Grasim Industries Limited
Restoque S.A.
Target Corporation (MN)
LC Waikiki
Green Fibre
Truetzschler India Private Limited
Gatsby Africa
Chori Company Limited
Aramark Uniform ;& Career Apparel, LLC
Lisa S.P.A.
BIANCA
Amazon China
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
THE BOMBAY DYEING ;& MFG.CO. LTD
The LYCRA Company Singapore  Pte. Ltd
J ;& P Coats
Asos
TESCO INTERNATIONAL SOURCING LIMITED
G-Star Raw C.V.
Cat Tuong Real Estate Group Joint Stock Company
Lululemon Athletica Inc
SYNERGIES HONG KONG LIMITED
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Guess Europe Sagl,
The Top Form Brassiere Manufacturing Company Limited
Recron Polyester from Reliance Industries Limited
Hirdaramani International Export Private Limited
Walmart
Sportmaster Ltd.
Eastman Chemical Company
Page Industries Limited (Bangalore)
Landmark Group
Rayonese Textile Inc., Division de Culp Inc.
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
H;&M Hennes ;& Mauritz (Far East) Ltd
Groz-Beckert East Asia LLP
Hela Clothing Pvt Ltd
IKEA of Sweden AB
NITI Aayog
Babyshop
C;&A Sourcing International Ltd
Alison Hayes Romania
KAS Direct Sourcing
Helly Hansen Far East Ltd
Bluestem Global Sourcing Limited
Brandix Lanka Limited
MAS Active / MAS Kreeda / MAS Bodyline
Lenzing Aktiengesellschaft
OVS Hong Kong Sourcing Ltd.
Sateri (Jiujiang) Fiber Co.,Ltd
Esprit Europe Services GmbH
Splash
Varner AS Retail
Etam Group Strategy Hong Kong Limited
Boardriders Asia Sourcing Limited
Lifestyle
Under Armour Global Sourcing Ltd
Gap International Sourcing Limited
Reiter India Private Limited
IDH – The Sustainable Trade Initiative
SHAHI Exports Pvt Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Chico’ FAS
Arvind Limited
PVH Corporation
Benetton Group
Gloria Jeans
T.T. Limited

January 2022

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


Advanced Search