×
223
Fashion Jobs
LEVI'S
Key Account Manager
Permanent · London
TOMASZ DONOCIK
Digital Marketing And Sales Coordinator
Permanent · LONDON
PYOU
Wholesale Business Developer/Sales Manager
Permanent · LONDON
SHISEIDO
Demand Planner
Permanent · London
SHISEIDO
Commercial Finance Analyst
Permanent · London
SHISEIDO
Bareminerals Account Manager - bt2, Blanchardstown
Permanent · Chappaqua
SHISEIDO
Bareminerals Account Manager - Moores, Colearine
Permanent · Coleraine
SHISEIDO
Group Business Analyst
Permanent · London
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
LEVI'S
Sales Stylist London o2 Arena 16 Hours
Permanent · London
HUGO BOSS
Assistant Store Manager - New Cathedral Street, Manchester
Permanent · Manchester
HUGO BOSS
Sales Associate - New Cathedral Street, Manchester
Permanent · Manchester
HUGO BOSS
Sales Associate - Southampton
Permanent · Southampton
HUGO BOSS
Sales Associate - Bristol Cribbs Causeway
Permanent · Bristol
HUGO BOSS
Brand Specialist - Birmingham Bullring
Permanent · Birmingham
HUGO BOSS
Assistant Store Manager - Bicester
Permanent · Oxford
HUGO BOSS
Assistant Store Manager - Bristol Cribbs Causeway
Permanent · Bristol
HUGO BOSS
Supervisor - Milton Keynes
Permanent · Milton Keynes
HUGO BOSS
Brand Specialist - New Cathedral Street, Manchester
Permanent · Manchester
CLERGERIE
Assistant Store Manager (Walton Street)
Permanent · LONDON
MAJE
Sales Assistant, Full Time - Selfridges, London
Permanent · LONDRES
BRUNELLO CUCINELLI
Senior Client Advisor - Chinese/Arabic Speaker
Permanent · LONDON
Published
Jul 19, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Pepe Jeans refinances debt and expands capital, targeting growth

Published
Jul 19, 2019

Pepe Jeans has managed to refinance its debt. The Spanish fashion group has signed an agreement to refinance its syndicated loan and ensure its new long-term financing plan. Shareholders approved a capital increase.



Pepe Jeans plans to consolidate growth with the refinancing plan - Pepe Jeans - Facebook


The Pepe Jeans group, as announced on Friday in a press release, has signed a refinancing agreement for its syndicated loan with 14 financial entities, in an operation co-led by BBVA, Banco Santander and CaixaBank.

The shareholders of the company also approved a capital increase "to reinforce the solvency of the group and the financial capacity required to execute the growth plans of its different brands," the brand explained.

The operation "will give the group flexibility and allow it to focus on its business plan, initiated in this fiscal year, to consolidate the growth of its brands in its main markets, implement its digitisation plan and adapt to the changes that consumer expectations and the retail industry have both undergone.”

According to Carlos Ortega, the founder, shareholder and CEO of the group, "this agreement reflects the commitment and support of the financial institutions and the shareholders of the group."

With the announcement of the agreement, Pepe Jeans is taking a definitive step in its long-term refinancing process. Earlier this year, the group hired investment bank Rothschild and consulting firm McKinsey to reduce their expenses and refinance their debt, and also arranged for L Capital, LVMH's venture capital fund, to inject money into the company to facilitate its refinancing.

The group’s operational headquarters is in Barcelona, ​​although its main market is in the United Kingdom. The Spanish company has been owned by Lebanese investment group M1 (owned by billionaire Najib Mikati) since 2015, when its sale closed for €720 million. The fashion group became loss-making in 2017, recording a loss of €13.11 million.
 

Copyright © 2021 FashionNetwork.com All rights reserved.