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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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BusinessFeatured

Tom Tailor Group sales drop 2.2 percent in Q1

The Tom Tailor Group said, at 189.7 million euros (226 million dollars), group sales were down 2.2 percent compared to the same period of the previous year. The share of sales generated by the decreases due to 'Reset', the company added, amounts to 24.9 million euros (29.6 million dollars) for the first quarter. Reported EBITDA amounted to 4.1...

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