Naked Brand Group Limited Determines to Postpone Previously Announced Proposed Transaction with Sapinda Holding B.V.
Cenntro Electric Group Limited - Ordinary Shares (NAKD)
NASDAQ:AMEX Investor Relations:
ir.nakedbrands.com
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Source: GlobeNewswire
SYDNEY, Australia, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Naked Brand Group Limited (NASDAQ: NAKD), a global leader in intimate apparel and swimwear (“Naked” or the “Company”), has determined to postpone its previously announced proposed $25 million strategic investment from Sapinda Holding B.V. (“Sapinda”), a leading European investment firm and owner of the globally recognized Italian luxury-lingerie firm La Perla, due to current market conditions. “Unfortunately, the recent stock market volatility has compromised our ability to maximize our proposed investment relative to substantial dilution based upon Naked’s current share price,” said Lars Windhorst, Co-Founder and CEO of Sapinda. “We hope to re-evaluate the proposed transaction once market conditions stabilize and look forward to building a long-term partnership with Naked in the future.” “We remain committed to our e-commerce initiatives and look forward to working with Sapinda in the future,” said Justin Davis-Rice, Chief Exec
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