86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters API
Published
Mar 13, 2018
Download
Download the article
Print
Text size

Apax-backed German fashion chain Takko considering stock market float

By
Reuters API
Published
Mar 13, 2018

German discount fashion chain Takko, owned by private equity group Apax Partners, is considering a stock market flotation among other financing options, a company spokeswoman said.



German daily Boersen-Zeitung reported on Tuesday that Credit Suisse and Deutsche Bank will organise a potential initial public offering (IPO), which may take place in the second quarter.

Apax, which bought the firm in 2010 for 1.2 billion euros ($1.5 billion) from private equity peer Advent International, declined to comment.

It has had to repeatedly inject equity into Takko after its bid to sell more expensive clothes failed and the firm came close to breaching its debt covenants.

Takko, which currently employs 18,000 staff in 1,900 shops, later returned to its focus on less expensive clothes at its mainly out-of-town network of stores.

A person familiar with the industry said that given the company's history, Takko may not reap a valuation of more than 6-7 times its expected core earnings.

Last October, Takko refinanced its debt, cutting coupons on new notes by up to 4.50 percentage points compared to its outstanding bond. Ratings agency S&P later raised Takko's rating to B from CCC+.

Takko posted earnings before interest, tax, depreciation and amortisation of 144.3 million euros for the year to last October.
 

© Thomson Reuters 2024 All rights reserved.