Locked content Deadline for agreeing Simple sale terms postponed

Gino Rossi and Monari decided to extend negotiations regarding terms of Simple Creative Products (Simple) until August 14. The last condition, which should be met, is setting the financing terms of Simple with Bank PKO BP. Arrangements with the bank are carried out in cooperation with Monnari, Gino ...

Locked content Monnari offers PLN 12 mln for Simple

Fashion retailer Monnari placed an adjusted offer to buy through its unit 100 percent stake in Simple Creative Products (Simple). The proposed price for Simple owned by Gino Rossi is PLN 12 million. In February Monnari offered for Simple about PLN 46-50.5 million. The proposed price was significantl...

Locked content Monnari plans to improve margins, expand retail space

WSE-listed fashion retailer Monnari hopes to improve its margins for this year, after increasing gross sales margin to 55.4 percent in 2017 (from 54.5 percent in 2016), the company’s CEO Mirosław Misztal said. The company also plans to expand its retail space by 5-7 percent y/y this year. Monnari ha...

Locked content Gino Rossi: Simple sale will help us trim debt

WSE-listed fashion retailer Gino Rossi hopes that sale of the Simple brand will help the company curb its debt and obtain funds to boost working capital, company’s CEO Tomasz Malicki said. “Thanks to the sale, we will reduce debt and free the funds needed to supply the working capital necessary to i...

Locked content Monnari wants to buy Simple brand

WSE-listed fashion retailer Monnari filed a non-binding offer to WSE-listed peer Gino Rossi to acquire 100 percent stake in Simple Creative Products, which owns Simple brand. The offer is between PLN 46-50.5 million assuming zero level of debt and cash which will be the basis for determining the fin...

Locked content Monnari launches buyback program

WSE-listed fashion retailer Monnari will run a buyback program for up to 20 percent of its shares at a price no higher than PLN 22 per share and not lower than PLN 0.1, the company said in a market filing. The program could last for up to 5 years, the company said. At the end…

Locked content Monnari revenue inches up in December

WSE-listed fashion retailer Monnari increased its sales revenue in December by 3.41 percent y/y reaching PLN 33.4 million, the company said in a market filing. Revenue for the whole year stood at PLN 244.3 million and was 7.06 percent higher y/y….

Locked content Monnari revenue grows by 22.1% in September

WSE-listed fashion retailer Monnari increased its sales revenue in September by 22.14 percent reaching PLN 17.1 million, the company said in a market filing. Revenue for the period between January and September stood at PLN 167.3 million and was 8.92 percent higher y/y….

Locked content Monnari revenue grows by 13.3% in August

WSE-listed fashion retailer Monnari increased its sales revenue in August by 13.3 percent reaching PLN 16.2 million, the company said in a market filing. Revenue for the period between January and August stood at PLN 150.4 million and was 7.58 percent higher y/y….