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Calida Holding AG
M&A Activity • May 24, 2022
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M&A Activity
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News Details
Ad-hoc | 24 May 2022 07:00
CALIDA Holding AG: CALIDA GROUP successfully completes acquisition of premium lingerie brand Cosabella
CALIDA Holding AG / Key word(s): Acquisition
24-May-2022 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
**CALIDA GROUP press release
ad hoc announcement pursuant to article 53 LR**
Sursee (Switzerland), 24 May 2022
CALIDA GROUP successfully completes acquisition of premium lingerie brand Cosabella
The CALIDA GROUP has completed the acquisition of Cosabella on 23 May 2022. The acquisition of the internationally recognized and highly profitable company further strengthens the CALIDA GROUP’s position in its core segment of underwear and lingerie. The CALIDA GROUP acquired a 100 percent stake in Cosabella, reinvesting the sales proceeds from MILLET MOUNTAIN GROUP.
With the successful completion of the transaction, the CALIDA GROUP has reached another milestone in the implementation of their strategy ACCELERATE 2026. Along with the established brands in the underwear and lingerie segment CALIDA, AUBADE and erlich textil as well as the outdoor furniture brand LAFUMA MOBILIER, Cosabella will further enhance the CALIDA GROUP’s continuous growth. Additionally, the acquisition creates an ideal starting position for the US market entry of the brands.
For further information, please contact:
Calida Holding AG
Sacha Gerber, CFO
The CALIDA GROUP is a globally active company for premium underwear with its head office in Switzerland. It consists of the brands CALIDA, AUBADE, erlich textil and Cosabella in the underwear and lingerie segment as well as the outdoor furniture brand LAFUMA MOBILIER. The CALIDA GROUP stands for high-quality products that delight consumers every day. In 2021, the Group generated sales of over CHF 298 million with around 2,400 employees. The registered shares of Calida Holding AG (CALN) are traded on SIX Swiss Exchange AG.
Additional features:
File: 20220524 CALIDA Holding AG_Closing Cosabella_EN
End of ad hoc announcement
| Language: | English |
| Company: | CALIDA Holding AG |
| Bahnstrasse | |
| 6208 Oberkirch | |
| Switzerland | |
| Phone: | +41 41 925 45 25 |
| E-mail: | [email protected] |
| Internet: | www.calidagroup.com |
| ISIN: | CH0126639464 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1359349 |
| End of Announcement | EQS News Service |