Lafuma Runs Or Degenerates Calida Group Wants To Buy Majority Stock.

P, Switzerland's famous underwear and home furnishing manufacturer and seller, Calida group (the Swiss Stock Exchange listed company) announced that they are trying to buy the majority interest of Lafuma group, becoming the majority shareholder of the French company which owns Lafuma, Millet and EIDER outdoor brands.

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< p > in the offer made by the Calida (France) company to the Lafuma board of directors, it is proposed that the shareholding ratio of Lafuma will be increased from the current 15.3% to 50.6% in the way of reserve capital increase, and then the remaining tradable shares will be subscribed later.

The second increase in Calida still enjoys preferential rights to subscribe to provide opportunities for investment in Lafuma with favorable conditions.

The paction will strengthen the stock position of Lafuma, once the reorganization is completed, it will provide a solid platform for the development of Lafuma.

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< center > < img alt= "1" src= "http://img1.efu.com.cn/upfile/news/commonly/2012/2012-08-02/zcf_calida.jpg" width= "213" height= "314" / > /center >

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< p > in the first half of 2012, although the European economy was in the doldrums, the operation of a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107105" > Calida < /a > has been in a steady development.

It is reported that Calida group's sales in the first half of this year increased by 3% compared with the same period last year, reaching 93 million 900 thousand Swiss francs.

It is understood that in the first half of this year, Calida group's operating cash flow increased by 83% to 7 million 500 thousand Swiss francs.

The property rights ratio of the group increased from 72.5% to 75.6% in the first half of the year.

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The growth of sales in the first half of P Calida group contributed two brands: Aubade brand sales increased 7.6% compared with the same period last year; Calida brand sales grew slowly, rising by only 0.4%.

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< p > according to the plan, the first step is "a href=" http://news.sjfzxm.com/news/list.aspx "Classid=101112107107" > Lafuma < /a > the group will issue 2 million 500 thousand shares to Calida, the face value is 20 million euros, and the issue price is set at 14 euro per share, which means that Calida will pay 35 million euros.

After this paction is completed, the Calida group's shareholding ratio for Lafuma will increase from 15.3% to 50.6%.

The proposed price of 14 euros per share represents a weighted average price premium of around 5% over the past 60 days.

The paction must be approved before the end of the year.

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< p > after the above capital increase plan, Calida group, a major shareholder of Lafuma group, will issue a public offer to other shareholders and offer a price of 14 euros per share.

However, the price must be approved by the French financial market regulator and confirmed by the independent evaluation report.

The paction plan began in 2014.

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< p > next, Lafuma starts the second round of capital increase plan worth 100 million euros.

In this round, other shareholders will also have subscription rights, and the issue price will be set at 9 euros per share, with a discount of 36% based on the offer price.

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< p > Calida, the Swiss Corporation's acquisition of Lafuma group mostly "a href=" http://news.sjfzxm.com/news/ "equity" /a "shows that its long-term development prospects for Lafuma and its several outdoor brands are promising.

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< p > Calida group (CALIDA-Group) is a famous Swiss underwear and home garment manufacturer and distributor. Its brands include Calida and AUBADE, with a total revenue of 225 million euros in 2012.

For example, the completion of the Lafuma group's equity acquisition will have an important impact on the future development of the group.

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< p > Lafuma has encountered many problems in recent years, and its financial figures have been underperforming.

In the 2013 half year financial report, which was released earlier, the group's sales performance remained sluggish, falling 15.4% to 102 million 700 thousand euros, of which the sales of large outdoor sectors (Lafuma brand) fell 16.5% to 39 million 900 thousand euros, while plate brand Oxbow showed the most dismal performance, sales significantly reduced by 1/3 (35.2%), and several brands belonging to the mountain departments such as Millet, EIDER and Killy also failed to grow, and sales fell by 46 million 200 thousand US dollars over the same period last year.

To cut costs, Lafuma decided to lay off 161.

At present, the company has 650 employees in France, the number of layoffs is close to the total 1/4.

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