×
310
Fashion Jobs
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
By
Reuters
Published
Oct 28, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italy's Gruppo Coin in talks for retailer Upim

By
Reuters
Published
Oct 28, 2009


www.GruppoCoin.com

MILAN, Oct 28 (Reuters) - Italian department store chain Gruppo Coin (GCN.MI) is in talks to buy retailer Upim, it said in a statement on Wednesday 28 October, sending its shares higher.

"Timing for an eventual conclusion of talks can be considered to be reasonably swift," Gruppo Coin said.

Gruppo Coin shares were up 2.7 percent at 3.80 euros at 1144 GMT.

Upim is controlled by upmarket department store chain La Rinascente, whose investors are Investitori Associati, Deutsche Bank Real Estate Opportunities Group, Pirelli Real Estate (PCRE.MI) and Italy's Gruppo Borletti.

Gruppo Coin said due diligence was underway and a deal to integrate the two would also depend on agreements with financial institutions. No financial details were disclosed.

Gruppo Coin has a market capitalisation of about 490 million euros ($727 million).

Earlier on Wednesday 28 October Italian business daily Il Sole 24 Ore had reported Gruppo Coin could announce a merger with Upim in November in a deal in which creditor banks UniCredit (CRDI.MI) and Natixis will convert part of their Upim debt into shares.

Upim's banks are exposed for 140 million euros, the paper said in the unsourced report.

Gruppo Coin's Coin brand sells clothes, home decorations, accessories and beauty products in its stores. Upim sells clothes, accessories and beauty products but its shops tend to be smaller in size than Coin outlets. (Editing by David Holmes) ($1=.6740 Euro)

© Thomson Reuters 2023 All rights reserved.