×
194
Fashion Jobs
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
FRAME TECHNOLOGY MARKETING SERVICES PVT. LTD.
am/rm/Manager- Sales (Supply Chain Finance)-Loan Frame- Pan India
Permanent · Ahmedabad
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Production / Plant Manager
Permanent · Ahmedabad
JIO
Territory Sales Manager - Warangal & Hannumakonda
Permanent · Hanamkonda
BASIC ENTERPRISES PVT LTD
Loan Consultant/ Area Sales Manager 4l Salary
Permanent · Gurugram
WHITEHAT JR
Sales Manager(Inside Sales_day Shift) Mumbai or Gurgaon _onsite
Permanent · Gurugram
VOLVO WHITE PAINTS INDUSTRIES
Hiring For Sales Officer/Area Sales Manager/ (Haryana)
Permanent · Sonipat
By
Reuters
Published
Mar 7, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alexon to raise £20.3 million in discounted stock sale

By
Reuters
Published
Mar 7, 2010

March 5 (Reuters) - British fashion retailer Alexon Group Plc (AXN.L) said on Friday 5 March it planned to raise about 20.3 million pounds through a stock sale, primarily to reorganise its property portfolio.


Roman Holiday by Minuet, an Alexon brand

The company, which put its Bay Trading unit into administration in April 2009, said it identified 63 onerous leases on unfavourable commercial terms and locations.

Shares of Alexon fell 5.2 percent to 32 pence at 1352 GMT on the London Stock Exchange.

Alexon said it proposed to sell 101.6 million shares, or a 69.1 percent stake, through a firm placing and an open offer at 20 pence a share, representing a 40.7 percent discount to the stock's Thursday 4 March close.

Net proceeds from the stock sale would be about 18.3 million pounds.

The company, whose brands include Ann Harvey, Eastex and Dash, said it expected to save about 5.2 million pounds ($7.8 million) per year through the reorganisation of its property portfolio.

Alexon also said it would enter into new bank facilities with Barclays (BARC.L), including an 8 million-pound revolving credit facility and a 6 million-pound amortising term loan.

The company said it did not expect adjusted loss from continuing operations to be greater that 1.0 million pounds for the year ended Jan. 30.

For the four weeks to Feb. 28, its like-for-like sales were down 3.7 percent.

($1=.6654 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Anne Pallivathuckal)

© Thomson Reuters 2022 All rights reserved.