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Agency / Source: Can Can Lingerie Holding AG

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Leading Apparel Brand to Acquire Growing Web Retailer to Drive Growth - Can Can Lingerie Holding AG (CCH), a company listed on the Frankfurt Stock Exchange, have entered into an agreement to purchase all the Intellectual Property and to license the brand name (TJ Maxx) associated with the e-tailing website
Leading Apparel Brand to Acquire Growing Web Retailer to Drive Growth

 

PRZOOM - /newswire/ - Sydney, New South Wales, Australia, 2009/01/16 - Can Can Lingerie Holding AG (CCH), a company listed on the Frankfurt Stock Exchange, have entered into an agreement to purchase all the Intellectual Property and to license the brand name (TJ Maxx) associated with the e-tailing website.

   
 
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TJ Maxx is a leading discount branded website in Australia and offers many unique opportunities for growth,The CEO of Can Can Lingerie Holding AG Mr Michael Pakula said “this acquisition perfectly supports our growth strategy and will compliment our planned international brand rollout strategy”.

The transaction is due to be settled within 60 days. The benefits of the transaction are a strong business model that:
• shows existing revenues;
• shows increasing monthly revenues;
• is currently cash flow positive and;
• is scalable into all International Markets.

Flowing from this transaction, CCH has upgraded its internal 2009 projections to include forecast sales increases of over 280% and a pre-tax profit increase of over 150%. Further, 2010 internal projections have been increased by over 180% and 125% respectively and 2011 by over 175% and 125% respectively.

CCH will release further details about this acquisition after settlement.

Mr Pakula said “This acquisition also provides for multiple income streams and the IP fully supports additional e-tailing opportunities for both B2B and direct to consumer opportunities”.

Further, CCH wishes to advise that it is at an advanced state of negotiations and has received a firm offer for a fully underwritten issue of additional equity in the Company.

Can Can Lingerie Holding AG (cancanexpress.com) trades with the WKN code: A0Q7M5

Media Enquiries should be directed to Richard Swancott Associates on UK 0800 902 0465/07880 7331380 or info[.]richardswancottassociates.co.uk.

 
 
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Agency / Source: Can Can Lingerie Holding AG

 
 

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Leading Apparel Brand to Acquire Growing Web Retailer to Drive Growth

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Contact: Michael Pakula - CanCanExpress.com 
+61(2) 9663 2842 infor[.]cancanexpress.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Can Can Lingerie Holding AG securities in any jurisdiction including any other companies listed or named in this release.

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