Brief: Roche Bobois Exercised Unilateral Option To Acquire Three Franchisees In The United States

Roche Bobois SA

09/09/2022 07:10

Sept 9 (Reuters) - Roche Bobois SA  RBO.PA :
    * THIS PURCHASE OPTION, THE EXERCISE OF WHICH WAS PLANNED
WITH A
RIGHT TO EXERCISE OVER THE PERIOD FROM JANUARY 2022 TO JUNE 2023
    * EXERCISE OF THE UNILATERAL OPTION TO BUY OUT THE THREE
FRANCHISEES IN THE UNITED STATES AND STRENGTHENING OF
TERRITORIAL ROOTS
    * ROCHE BOBOIS WILL TAKE OVER ALL THE BUSINESS, INVENTORY
AND
PERSONNEL OF THE THREE STORES LOCATED IN ATLANTA, HOUSTON AND
DALLAS
    * WILL OPERATE THESE THREE SHOWROOMS ON A TOTAL SURFACE OF
2,500
M2, WITHOUT OWNING THE PREMISES.
    * ACCRETIVE ACQUISITION WILL BE FINALIZED WITHIN 3 MONTHS,
WILL
HAVE A POSITIVE EFFECT ON REVENUE GROWTH AND ON THE GROUP'S
CONSOLIDATED EBITDA MARGIN FROM 2023

Source text for Eikon:  urn:newsml:reuters.com:*:nACT76159
Further company coverage:  RBO.PA 

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