Bonita news and archive

Tom Tailor receives 100 million euros loan

Tom Tailor GmbH has announced that the German federal government, together with federal states of Hamburg and North Rhine-Westphalia has extended a government guarantee for an operating loan of 100 million euros for the Tom Tailor subgroup, until the end of September 2024. Additionally, the company said in a statement that the consortium of...

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Tom Tailor 2019 revenues decline, expects further drop amid COVID-19 outbreak

According to preliminary, unaudited results, Tom Tailor Holding SE reported revenue decline of 4.8 percent to 803.1 million euros (882 million dollars) due to continued decrease in revenue at Bonita amid the difficult market situation as well as further planned store closures in this segment. The company said in a statement that revenue...

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COVID-19 impact: Tom Tailor to only publish preliminary results today

Tom Tailor SE has announced that it will publish the preliminary results for fiscal 2019 rather than the full financial statements as originally planned owing to the significant worsening of market conditions in almost all markets relevant to the Tom Tailor Group due to the corona crisis and the associated risks for the financing and liquidity...

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Tom Tailor agrees to new financial structure with banks and Fosun

Troubled fashion retailer Tom Tailor Group has reached an agreement with the consortium banks and majority Chinese shareholder Fosun on a new financing structure until the end of September 2022. Due to the planning timeframe through to 2022, the company’s management board has adjusted the preliminary results for fiscal 2018 that were published...

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Fosun close to Tom Tailor takeover, increases stake by over 30 percent

Tom Tailor Holding SE has decided to implement a capital increase of 10 percent against cash contribution with partial utilization of the approved capital. The company said in a statement that 3,849,526 new registered shares will be allocated directly and exclusively to Fosun International Ltd. With the exclusive allocation of the shares created...

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Tom Tailor brand's Q3 sales rise amid difficult market

Tom Tailor Group said in a statement that despite the company still fighting difficult conditions of the textile market, Tom Tailor brand sales in the third quarter improved by 1.9 percent to 163.6 million euros (184 million dollars). The company said, the whole textile industry suffered under the challenging long and hot summer, which was one...

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Tom Tailor announces senior level reshuffle at Bonita

Tom Tailor Group is realigning the management of its subsidiary, Bonita. Effective November 1, 2015, Doris Strätker will support the products department in an advisory role, while Klaus Friedrich will become Managing Director Operation. The current Managing Director of Bonita, Udo Greiser, who joined in Tom Tailor as chief product officer in...