Noni B takeover period extended


noni bThe private equity owners of struggling fashion retailer, Noni B, have urged remaining shareholders to accept its takeover offer.

The offer period for Alceon’s off market $16.4 million bid closed on Friday, with the company holding 76 per cent of Noni B shares.

Alceon has now extended the offer period to November 21, and “all remaining Noni B shareholders are encouraged to accept the offer”, it said.

Noni B suffered a $2.1 million loss in 2013/14, with sales down 7.7 per cent.

Last week Noni B appointed former  head of Bras N Things, Scott Evans, as its new CEO



Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Do you plan to participate in Halloween this year?


Do you enjoy receiving our daily Newsbriefs, weekly publications, quarterly magazines and attending our Academy eve…

2 weeks ago

Know an outstanding retailer supplier? Nominate them for the 2020 Retailer Awards: #RA20

3 weeks ago

Do you know any retailer with exceptional customer experience? Nominate them at 2020 Retailer Awards:…

4 weeks ago

FREE NEWS BRIEFS Get breaking news delivered