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Dołączył: 07 Sty 2011
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Skąd: England
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 Wysłany: Sob 4:28, 26 Mar 2011 Temat postu: Liberty of London Sold for £32 Million – |
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Over the last few years, the famed retailer has aimed to re-invigorate a once-staid image with gazillions of fantastic collaborations, including those with Manolo Blahnik,[link widoczny dla zalogowanych], Nike,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], and most prominently, Target.
Private equity firm BlueGem Capital has bought British company Liberty for £32 million, or $48 million (at the current exchange rate). The public company will now delist from the London Stock Exchange.
Posted in:
News,[link widoczny dla zalogowanych], The Business Liberty of London: Sold for £32 Million By Lauren Sherman Monday,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], Jun 28, 2010 / 12:51 PM GMT -5
Over the last year, the company’s financial state has drastically improved. In 2009, it turned a profit,[link widoczny dla zalogowanych], due to an increase in sales as well as the relinquishment of its flagship store in London for $56 million. (It’s now on a 56-year-lease issued by the buyers.)
What’s BlueGem’s goal? Well, like any private equity firm,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], it’s to sell in a few years for double the money–hopefully more. It’s quite possible Liberty will delist for a few years and then hop back on the stock market.
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