The Acquisition Craze is now more Fashionable
20 May 2015 - 6:47AM
InvestorsHub NewsWire
Companies mentioned in this
article: Ascena Retail (ASNA), Ann
Inc.(ANN), Banjo
and Matilda (BANJ),
and Urban Outfitters (URBN),
and TJX Cos. (TJX)
Considering the overall merger and
acquisition craze that's taken over the broader markets, the
fashion action has been relatively quiet, but that may have changed
with Ann Inc. (ANN)
agreeing to Ascena Retail's(ASNA) $2.2
billion, in cash and stock, buyout offer. The agreement combines
high profile women's apparel brands like Lane Bryant,
dressbarn and Ann Taylor. The deal calls for Ascena
Retail to pay a 21% premium, to the previous closing price,
with the united company operating nearly 5,000 stores and
have $7.3 billion in annual sales.
The deal could place the spotlight on
attractive emerging high growth lifestyle brands, like Banjo
and Matilda (OTCQB:
BANJ). As a designer, producer and marketer of premium
contemporary woman's knitwear,Banjo and Matilda incorporated a
multipronged sales channel approach, of which global ecommerce has
been a major sales driver.
Banjo and Matilda was able to
grow its 2015 year-over-year revenues by over 144% and the increase
included an 86% rise in e-commerce store sales. In addition to
global ecommerce, Banjo and Matilda hit triple digit
retail outlet growth, as well was a 150% increase in wholesale
sales, and a 102% increase in same store retail sales.
Brendan "Ben" Macpherson grew the
Company from a local brand, in Bondi Beach, Australia, to an
internationally recognized brand with plans to become
a $50-100 million company. The rapidly growing brand is
building its loyal global following, by having its "new lux"
fashions stocked in major retailers, like Neiman Marcus, and
specialty shops around the world, as well as its online store
www.banjoandmatilda.com.
For further information on Banjo
and Matilda, please go to http://nextlevelstockpicks.com/banj-banjo-matilda/.
J.P. Morgan is
downgrading Urban Outfitters Inc. (URBN),
after the company's first-quarter results fell short of Wall
Street estimates, as a pop in Urban
Outfitters's expenses related to its e-commerce business cut
into its earnings.
TJX Cos. (TJX) will be reporting its
results at 11:00 a.m. ET today, asCarol Meyrowitz, TJX's
CEO hosts a conference call with stock analysts. Analysts believe
that TJX is likely to post first-quarter earnings of 66
cents a share, an increase of 2 cents per share over
last year's results.
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