News Detail

Ad Hoc Announcements


03/20/2019 | 19:42 CET/CEST

TOM TAILOR Holding SE / Key word(s): Disposal/Strategic Company Decision
TOM TAILOR Holding SE: TOM TAILOR GROUP announces sale of BONITA subsidiary

20-March-2019 / 19:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Hamburg, 20 March 2019: Today TOM TAILOR Holding SE (ISIN DE000A0STST2) has concluded a sale and purchase agreement regarding BONITA GmbH with Victory & Dreams International Holding B.V., Netherlands. The parties have agreed to maintain confidentiality regarding the conditions of the sale. The closing of the transaction is subject to the usual approvals from the anti-trust authorities.

The brand value of BONITA, which amounts to EUR 184.5 million, will have to be written down in full as of December 31, 2018. In addition, the Management Board anticipates effects under application of IFRS 5 that will have a negative impact of a total of around EUR 40 - 50 million on the result of the discontinued operation in fiscal 2018.

Media contact
Harriet Weiler
Head of Corporate Communications
Telephone: +49 (0) 40 58956-168
E-Mail: harriet.weiler@tom-tailor.com

Investor contact
Viona Brandt
Head of Investor Relations
Telephone: +49 (0) 40 58956-449
E-Mail: viona.brandt@tom-tailor.com

20-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

show this