×
176
Fashion Jobs
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
HERITAGE NUTRIVET LIMITED
Cattle Feed - Area Sales Manager - Salem Location
Permanent · Salem
THINK FIRST DIGITAL
Hiring For Event Production Manager - Mumbai
Permanent · Mumbai
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
By
Reuters
Published
May 20, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

German clothes exporter looking for buyer

By
Reuters
Published
May 20, 2012

FRANKFURT - The family owners of Schustermann & Borenstein have mandated Goldman Sachs to sell the German clothing exporter, two people close to the transaction said on Friday, a move analysts expect to attract strong interest.


Photo: Schustermann & Borenstein


Schustermann & Borenstein specialises in exporting clothing to eastern Europe and other non-EU countries. Separately, it sells surplus stock in so-called outlet centres.

"Any company that is investing in distribution, especially to emerging markets will be attractive as clothing retailers are looking to sell overseas a lot more," Isabel Cavill, analyst from Planet Retail said.

In 2010, Schustermann & Borenstein posted sales of 153 million euros ($194 million) and a net profit of 17 million.

The company could attract private equity buyers, which may use it as an add-on to a clothing company already in their portfolio. In Germany, several fashion trading groups are in private equity hands, including Apax-owned retailer Takko and EQT-owned wholesaler CBR.

In 2010, private equity company Alpha Group floated denim specialist Tom Tailor on the Frankfurt stock exchange. The investor remained in small fashion house Eterna.

Upscale fashion house Hugo Boss is majority-owned by Permira, while U.S.-based private equity firm Sun Capital owns British retailers Jacques Vert and Alexon as well as jeans company Lee Cooper and Strauss Innovation.

Strategic investors like Hong Kong-based exporter Li & Fung may also be interested in Schustermann & Borenstein, Cavill said.

Li & Fung CEO Bruce Rockowitz told Reuters in an interview earlier this month that he saw very little growth in Europe over the next two years, although a bottoming out of the market in Britain, Germany and France could throw up acquisition opportunities for buyers in Asia.

An exporter like Schustermann & Borenstein would also be more attractive than buying a retailer, as it is not burdened with cumbersome real estate assets, Cavill said.

For example, Metro, the world's fourth-largest retailer, has long been seeking a buyer for its chain of Kaufhof department stores.

It put the sale on ice earlier this year as buyers could not raise enough funds for the deal, which Metro had valued at between 2 and 3 billion euros.

Goldman Sachs declined to comment. Schustermann & Borenstein was not available to comment.

© Thomson Reuters 2022 All rights reserved.