Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • Exclusive Masterclass access. Part of Retail Week 2021

Noni B takeover period extended

 

noni bThe private equity owners of struggling fashion retailer, Noni B, have urged remaining shareholders to accept its takeover offer.

The offer period for Alceon’s off market $16.4 million bid closed on Friday, with the company holding 76 per cent of Noni B shares.

Alceon has now extended the offer period to November 21, and “all remaining Noni B shareholders are encouraged to accept the offer”, it said.

Noni B suffered a $2.1 million loss in 2013/14, with sales down 7.7 per cent.

Last week Noni B appointed former  head of Bras N Things, Scott Evans, as its new CEO


AAP

You have 7 free articles.

Masterclasses are for professionals only

Only $5 p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines