ORCHESTRA-PREMAMAN news and archive

French kidswear chain Orchestra-Prémaman launches turnaround plan

New York- Orchestra-Prémaman, one of the biggest players in the childrenswear market in France has launched a reorganisation plan. The French group has been placed in the safeguard procedure since last September due to financial difficulties. In order to overcome the mounting debt – the company has recorded 164 million euros in cumulative...

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Orchestra Premaman reports annual loss of 33.6 million euros

During the 2016/2017 financial year, from March 1, 2016 and February 28, 2017, Orchestra Prémaman Group posted consolidated revenue of 608.3 million euros (690 million dollars), up 8.7 percent year-on-year. However, Consolidated net income group share showed a loss of 33.6 million euros (38 million dollars) in 2016-2017 against a profit of 17.7...

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Orchestra-Prémaman to acquire Destination Maternity

Destination Maternity and Orchestra Prémaman have entered into a definitive agreement to merge, creating a leading global provider of maternity apparel, children’s wear and baby hard goods. The combined company is expected to have pro forma revenues of approximately 1.1 billion dollars. Commenting on the merger, Arnaud Ajdler, Destination's...

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Orchestra-Prèmaman improves its cash offer for Destination Maternity

After months of receiving the interest of different suitors, it seems that Destination Maternity is closer than ever to close a deal. The most likely pretender is French maternity and baby apparel retailer Orchestra-Prèmaman, which has just improved its acquisition offer. French company Orchestra-Premaman wrote in a letter that Destination...