Bonita news and archive

Tom Tailor receives 100 million euros loan

Tom Tailor GmbH has announced that the German federal government, together with federal states of Hamburg and North Rhine-Westphalia has extended a government guarantee for an operating loan of 100 million euros for the Tom Tailor subgroup, until the end of September 2024. Additionally, the company said in a statement that the consortium of...

BusinessFeatured

Tom Tailor 2019 revenues decline, expects further drop amid COVID-19 outbreak

According to preliminary, unaudited results, Tom Tailor Holding SE reported revenue decline of 4.8 percent to 803.1 million euros (882 million dollars) due to continued decrease in revenue at Bonita amid the difficult market situation as well as further planned store closures in this segment. The company said in a statement that revenue...

Business

COVID-19 impact: Tom Tailor to only publish preliminary results today

Tom Tailor SE has announced that it will publish the preliminary results for fiscal 2019 rather than the full financial statements as originally planned owing to the significant worsening of market conditions in almost all markets relevant to the Tom Tailor Group due to the corona crisis and the associated risks for the financing and liquidity...

Business

Tom Tailor agrees to new financial structure with banks and Fosun

Troubled fashion retailer Tom Tailor Group has reached an agreement with the consortium banks and majority Chinese shareholder Fosun on a new financing structure until the end of September 2022. Due to the planning timeframe through to 2022, the company’s management board has adjusted the preliminary results for fiscal 2018 that were published...

Business

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...