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September 7, 2018updated 10 Sep 2018 6:52am

Naked Brand Group to buy US online women’s clothes retailer

Global apparel and swimwear retailer Naked Brand Group has signed a non-binding letter of intent with a US-based online retailer of women’s clothes for around $42.5m.

Global apparel and swimwear retailer Naked Brand Group has signed a non-binding letter of intent with a US-based online retailer of women’s clothes for around $42.5m.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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The purchase price of the transition includes cash, stock and assumption of approximately $6.1m of the retailer’s debt.

Naked Brand Group’s CEO Justin Davis-Rice said: “We are continuing to make strides in our digital and e-commerce focused strategy that we believe will accelerate our growth trajectory and drive meaningful earnings before interest, tax, depreciation and amortization (EBITDA) contribution in the fiscal year (FY) ending 2019.

“The acquisition would augment our proprietary digital operating platform to create ongoing synergies that we believe will produce more than $70m in e-commerce revenues in the US for the FY ending 2019 and will be accretive to Naked shareholders over the long-term.”

“We are continuing to make strides in our digital and e-commerce focused strategy.”

With this transaction, Naked Brand will focus on expanding its direct-to-consumer product and brand mix.

On completion, the company expects e-commerce to represent approximately 43% of projected group revenues for the FY ending 2019.

The company also expects the acquisition to increase its projected e-commerce revenues to more than $70m for the FY ending 2019 when combined with Naked’s existing Frederick’s of Hollywood e-commerce license revenue.

The proposed transaction is subject to terms negotiation and the execution of a definitive agreement relating to the proposed transaction and obtaining and satisfying all other necessary closing conditions.

Last month, Naked Brand signed a non-binding term sheet with European investment firm Sapinda Holding to receive $25m in strategic funding.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.