Locked content Vistula and Bytom file merger motion

WSE-listed fashion retailers Vistula and Bytom submitted an application to the Polish antimonopoly watchdog UOKiK seeking merger approval. “Vistula Group SA and Bytom SA intend to conclude a merger in the form of a merger pursuant, by transferring all the assets of Bytom SA (acquired company) to Vis...

Locked content Vistula hopes to iron out Bytom merger details within 2 weeks

Fashion retailer Vistula said that it plans to complete the merger talks with its competitor Bytom within two weeks. Vistula plans to set the share parity in the pending merger at 0.82, meaning that for every Bytom share, its shareholders would receive 0.82 Vistula share. The negotiation process sta...

Locked content Bytom with PLN 5.6 mln Q2 net profit

WSE-listed fashion retailer had a PLN 5.6 million net profit in Q2, up by 29.4 percent y/y, and a 500 percent q/q loss. The H1 net profit at PLN 4.2 million was down by 13 percent y/y. Revenues amounted to PLN 52.4 million, up by 30.4 percent y/y. H1 revenue stood at PLN 87.5 million…

Locked content Bytom sales up by 22.6% in H1

WSE-listed fashion retailer Bytom enjoyed a 22.6 percent y/y increase in sales to PLN 84.62 million in the first six months of the year. Like-for-like sales increased by 10.6 percent y / y to PLN 73.71 million, the company said in a market filing. Sales margins amounted to PLN 42.16 million in H1, u...

Locked content Vistula and Bytom agree on merger

Management boards of fashion retailers Vistula and Bytom came to agreement on the terms of the merger between two companies. Bytom will transfer its assets to Vistula in exchange for the latter shares. Now the companies will choose a joint advisor for the process, and work out the details of the tra...

Locked content Vistula, Bytom launch merger talks

WSE-listed fashion retailers Bytom and Vistula launched talks regarding possible merger, both companies confirmed in a separate market filings. “The negotiation process was launched on April 18. However, the management board would like to point out, that this fact doesn’t mean that both companies wi...

Locked content Bytom sales up by 39.4%

WSE-listed fashion retailer Bytom recorded a wholesale and retail sales revenue increase of 39.4 percent y/y to PLN 11.72 million, the company announced. In January-May, the total value of sales amounted to PLN 47.35 million, an increase of 30.8 percent y/y. The company’s retail sales revenue ...

Locked content Bytom to increase retail space

WSE-listed fashion retailer Bytom plans to increase its total retail space to 9,000 sqm from 8,300 sqm it had at the end of 2014, Michał Wójcik, CEO of the company announced. “I am convinced that 2015 will be a record year in every respect in the company’s history and the financial resul...