New Wave has made another attempt to take over troubled Swedish clothing site, Dressmart. The potential acquisition is estimated to cost between SKr7.5m and SKr10m ($751,500-$1m). New Wave would also take over part of Dressmart's debts, which are rumoured to amount to SKr40m ($4.3m).In return New Wave would get access to Dressmart's business trading system, an important foundation for its own still to be launched Internet trading scheme.Leading business daily, Dagens Industri, reported yesterday that New Wave has offered to buy more than 90 per cent of Dressmart's capital. New Wave managing director, Torsten Jansson, hopes to get an answer today (Thursday), but believes that the offer will be accepted.When the Swedish Internet clothing site, Dressmart got into difficulties this August, New Wave stepped forward as a potential buyer, but the deal was stymied by a minority of its shareholders.
SWEDEN: New Wave Comes Up With New Dressmart Deal
Get full access to all content, just $1 for 30 days


just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 21 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Create sourcing plans that work
Find new apparel sourcing destinations, assess trade flows and manage tariffs. All in one place.
Most Popular
Insights
- 8 key trends reshaping apparel sourcing in 2021
- How might the Biden administration affect apparel?
- Outlook 2021 – What next for apparel sourcing?
- A new vision for UK fashion and manufacturing
- Outlook 2021 – Industry challenges & opportunities
News
- EU Commission publishes roadmap for textile sector
- Human rights groups pursue living wage for workers
- VF discloses tier 4 suppliers in transparency push
- Asia supplier nations push for better purchasing
- Li Ning unit to take controlling stake in Clarks
Market research
- Global Sportswear Market to 2025 with COVID-19 Impact Analysis
- Li & Fung Ltd (494) - Strategic SWOT Analysis Review
- Apparel Market in United States of America (USA) to 2024 with COVID-19 Impact Analysis
- Ted Baker PLC (TED) - Financial and Strategic SWOT Analysis Review
- COVID-19 Impact on The TJX Companies, Inc. and its future prospects
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
