Money Buzz! Europa

Tag: C&A

  • Immofinanz adds Italy to its Stop Shop retail park portfolio

    Immofinanz adds Italy to its Stop Shop retail park portfolio

    Immofinanz‘s first acquisition in this country is the fully occupied Parco Fiore in the north Italian city of San Fior with roughly 27.000 sqm of rentable space.

    The retail park, which was completed in two phases during 2017 and 2019, had a sale price of approximately EUR 35.0 million.

    Stop Shop San Fior is located 37 kilometers north of Treviso and 60 kilometers north of Venice, in the heart of the Veneto region.

    Tenant mix include international retailers like C&A, Takko, MediaWorld, Decathlon, Roadhouse Grill and Burger King plus well-known Italian brands.

    The remaining term of the rental agreements (WAULT) totals roughly 7,7 years.

    Immofinanz‘s Stop Shop portfolio includes 99 retail parks in ten countries: Slovakia (16), Slovenia (14), Hungary (14), Serbia (14), Austria (13), Czech Republic (12), Poland (10), Croatia (4), Italy (1) and Romania (1).

  • C&A fully compensates apparel suppliers for all pre-corona orders

    C&A fully compensates apparel suppliers for all pre-corona orders

    C&A has ensured 100% compensation for all orders previously put on hold and has been placing new orders despite the economic headwinds the fashion industry is facing across Europe.

    C&A guarantees payment of all pre-corona orders that were in shipment, already produced or in production, at the original price and according to agreed payment terms. 

    In addition, suppliers are compensated for all pre-corona orders for which production had not yet started, either financially or by placing new orders utilizing raw materials that had already been purchased.

    This way, C&A has ensured compensation of its suppliers for all orders that had been put on hold at the beginning of the crisis as a precautionary measure in the face of the complete shutdown of all of the company’s 1.400 stores across Europe.

    Furthermore, many suppliers are supported through C&A’s supplier finance system in cooperation with the company’s partner bank.

  • C&A AG sold its China operations to Zhongke Tongrong Private Equity

    C&A AG sold its China operations to Zhongke Tongrong Private Equity

    The Board of C&A AG announced that it has entered into an agreement on the sale of C&A China to Beijing Zhongke Tongrong Private Equity Investment Fund.

    The sale is an opportunity to accelerate the growth of one of Europe’s retail brands within the Chinese market.

    Duan Xuefeng, Executive Director of Zhongke Tongrong Private Equity, said: ”C&A is a valuable global brand and one of the world’s largest users of organic cotton. As cities in China are gradually reopening following the COVID-19 pandemic, we believe there is an exciting opportunity to drive further local expansion.”

    Jim Dubow, Managing Director of C&A China, added: ”The opportunity in China is vast, even in the aftermath of COVID-19. All C&A China employees look forward to working very closely with the new investors to accelerate the success of the C&A business and brand in China.”

    The financial details around this transaction will not be disclosed.