tom tailor holding news and archive

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

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...

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Tom Tailor expects to post sharp rise in FY17 EBITDA

Confirming preliminary figures published on February 21, 2017, the Tom Tailor Group said that in 2017, the company’s main priority will be on implementing the measures from the RESET cost and process optimization program. In addition to store closures and the departure from some markets, it includes the ongoing optimization of internal...

Business

Tom Tailor reaffirms FY15 forecast, expects moderate sales growth

Tom Tailor Management Board has confirmed its sales forecast and expects to see moderate growth in net sales, in the range of 945 million euros (1,068.9 million dollars) and 955 million euros (1,080 million dollars) after reporting 932 million euros (1,054.1 million dollars) in the previous year. The company also expects recurring EBITDA to be...