Brief: Calida Plans Sale Of Millet Mountain Group

Calida Holding AG

29/06/2021 06:05

June 29 (Reuters) - CALIDA HOLDING AG  CALN.S :
    * CALIDA GROUP FOCUSES FURTHER ON CORE BUSINESS OF UNDERWEAR
AND
LINGERIE - SALE OF MILLET MOUNTAIN GROUP PLANNED
    * TO SELL MILLET MOUNTAIN GROUP DIVISION (SALES IN 2020: EUR
78.2
MILLION) WITH MILLET AND LAFUMA BRANDS
    * IT IS PLANNED TO USE SALES PROCEEDS FOR INVESTMENTS IN
EXISTING
CORE BRANDS AND FOR ACQUISITIONS IN CORE UNDERWEAR AND LINGERIE
SEGMENT IN ORDER TO FURTHER ACCELERATE ITS GROWTH
    * ONLINE ACTIVITIES WILL BE EXPANDED FURTHER AT SAME TIME

Source text for Eikon:  ID:nEQ11yMqfa 
Further company coverage:  CALN.S 

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