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

Victory & Dreams acquires Bonita from Tom Tailor

Dutch company Victory & Dreams International Holding BV has acquired fashion brand Bonita from German group Tom Tailor Holding SE. The agreement still needs to be approved by the authorities and the terms of sale haven’t been disclosed. Tom Tailor had already announced its intention to sell Bonita in December 2018. “The sale of Bonita is an...

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...

Business

Tom Tailor brand's Q3 sales rise amid difficult market

Tom Tailor Group said in a statement that despite the company still fighting difficult conditions of the textile market, Tom Tailor brand sales in the third quarter improved by 1.9 percent to 163.6 million euros (184 million dollars). The company said, the whole textile industry suffered under the challenging long and hot summer, which was one...

BusinessFeatured

Tom Tailor Group sales drop 2.2 percent in Q1

The Tom Tailor Group said, at 189.7 million euros (226 million dollars), group sales were down 2.2 percent compared to the same period of the previous year. The share of sales generated by the decreases due to 'Reset', the company added, amounts to 24.9 million euros (29.6 million dollars) for the first quarter. Reported EBITDA amounted to 4.1...

People

Tom Tailor announces senior level reshuffle at Bonita

Tom Tailor Group is realigning the management of its subsidiary, Bonita. Effective November 1, 2015, Doris Strätker will support the products department in an advisory role, while Klaus Friedrich will become Managing Director Operation. The current Managing Director of Bonita, Udo Greiser, who joined in Tom Tailor as chief product officer in...

Design

Bonita sold out to Tom Tailor Holding

Tom Tailor Holding announced that it had acquired a 100 percent stake in Bonita International, a wholly owned subsidiary of the non-profit foundation Versorgungs- und Forderungsstiftung, Vaduz/Liechtenstein. Tom Tailor will pay EUR 150 million in cash funded by long-term debt and the rest in the form of shares. The transaction is expected to be...