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 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 Simple working on acquisition

IT company Simple is in preliminary talks about a major acquisition, the company’s CEO Przemysław Gnitecki told the Polish Press Agency in an interview. “We are in initial talks with an entity comparable to us,” Gnitecki said. “I do not expect the finalization to take place before the end of the yea...