Naked Brand Group Limited Determines to Postpone Previously Announced Proposed Transaction with Sapinda Holding B.V.
October 25 2018 - 6:30AM
Naked Brand Group Limited (NASDAQ: NAKD), a global
leader in intimate apparel and swimwear (“Naked” or the “Company”),
has determined to postpone its previously announced proposed $25
million strategic investment from Sapinda Holding B.V. (“Sapinda”),
a leading European investment firm and owner of the globally
recognized Italian luxury-lingerie firm La Perla, due to current
market conditions.
“Unfortunately, the recent stock market
volatility has compromised our ability to maximize our proposed
investment relative to substantial dilution based upon Naked’s
current share price,” said Lars Windhorst, Co-Founder and CEO of
Sapinda. “We hope to re-evaluate the proposed transaction once
market conditions stabilize and look forward to building a
long-term partnership with Naked in the future.”
“We remain committed to our e-commerce
initiatives and look forward to working with Sapinda in the
future,” said Justin Davis-Rice, Chief Executive Officer of Naked
Brand Group Limited. “While we can’t control market conditions, we
always keep the interests of our shareholders paramount and expect
to provide a comprehensive update on our soon to be announced
shareholder update call in November,” concluded Davis-Rice.
About Sapinda Holding
B.V.Sapinda Holding B.V. is a privately-owned Principal
Investment holding company, focused on special situation investment
opportunities across continental Europe, Africa, Middle-East and
Asia. It was formed in 2009 by a select number of entrepreneurs and
prominent High-net-worth families seeking exposure to investment
opportunities in special situations. The Sapinda management team is
made up of a hand-picked group of individuals from around the
world, including entrepreneurs, debt and equity financial industry
professionals, each with a broad range of industry experience and
international contacts. The management team is committed to its
growth and has a controlling equity stake and is supported by a
large number of institutional and high net worth investors.
Sapinda Holding B.V. has offices in Amsterdam, London, Berlin and
Hong Kong. About Naked Brand Group LimitedNaked
Brand Group Limited (NASDAQ:NAKD) is a leading intimate apparel and
swimwear company with a diverse portfolio of brands. The company
designs, manufactures and markets a portfolio of 11 company-owned
and licensed brands, catering to a broad cross-section of consumers
and market segments. Brands include Naked, Bendon, Bendon Man,
Davenport, Fayreform, Hickory, Lovable, Pleasure State, Heidi Klum
Intimates, Heidi Klum Man, Heidi Klum Swim. Naked Brand Group
Limited products are available in 44 countries worldwide through
6,000 retail doors, a growing network of E-commerce sites and 61
company-owned Bendon retail and outlet stores in Australia and New
Zealand. Brands are distributed through premier department stores,
specialty stores, independent boutiques and third-party e-commerce
sites globally, including Macy’s, Nordstrom, Saks Fifth Avenue,
Harrods, Selfridges, Amazon and asos among others. For more
information please visit www.nakedbrands.com.
Forward-Looking StatementsThis
communication contains "forward-looking statements" within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts.
Such statements may be, but need not be, identified by words such
as “may,” “believe,” “anticipate,” “could,” “should,” “intend,”
“plan,” “will,” “aim(s),” “can,” “would,” “expect(s),”
“estimate(s),” “project(s),” “forecast(s)”, “positioned,”
“approximately,” “potential,” “goal,” “pro forma,” “strategy,”
“outlook” and similar expressions. Examples of forward-looking
statements include, among other things, statements regarding future
or projected financial performance, annualized financial
performance, future growth in our business, trends in our industry,
product innovation, acquisition synergies and efficiencies, and
operational expansion. All such forward-looking statements are
based on management’s current beliefs, expectations and
assumptions, and are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from
the results expressed or implied in this communication. The risks
and uncertainties are set forth under “Risk Factors” in our Annual
Report on Form 20-F for the fiscal year ended January 31, 2018.
Further, investors should keep in mind that our revenue and profits
can fluctuate materially depending on many factors. Accordingly,
our revenue and profits in any particular fiscal period may not be
indicative of future results. We are under no obligation to, and
expressly disclaim any obligation to, update or alter our
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise, except as
required by law.
Investors Relations
Joel PrimusNaked Brand Group Limitedjoel@thenakedshop.com
Chris TysonMZ North
Americachris.tyson@mzgroup.us949-491-8235
Sapinda Media InquiriesNewgate
Communications LimitedAlistair Kellie or Henry Adefope+44 (0)20
7680 6550Alistair.Kellie@newgatecomms.com
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