Naked Brand Group Limited Enters into Non-Binding Letter of Intent to Acquire a Leading U.S. Online Women’s Retailer
Cenntro Electric Group Limited - Ordinary Shares (NAKD)
NASDAQ:AMEX Investor Relations:
ir.nakedbrands.com
Company Research
Source: GlobeNewswire
Transaction, If Consummated, Would Combine the Retailer’s E-Commerce Platform with Naked’s Proprietary Digital Operating Platform Generating Total Projected E-Commerce Annual Revenue of Approximately $70 Million Combination Expected to Enhance Distribution for Naked Brand Group’s Brands & Product Lines SYDNEY, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Naked Brand Group Limited (NASDAQ: NAKD) (the “Company” or “Naked”), a global leader in intimate apparel and swimwear, has entered into a non-binding letter of intent to acquire a leading U.S. online retailer (the “Retailer”) of women’s apparel. The purchase price under the transaction is expected to be US$42.5 million, which would include cash, stock and assumption of approximately $6.1 million of the retailer’s debt. Combined with Naked’s existing Frederick's of Hollywood e-Commerce license revenue, which has grown 36% in the last 12 months, a successful closing of this acquisition is expected to take Naked’s projected e-Commerce revenu
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