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CVC will bei Mitra einsteigen und soll den Laden zurück in die Profitabilität bringen. Mit einem solchen Partner steigen erhebliche Potenziale. Denn der Umsatzwachstum stimmt, nur die Profitabilität war zuletzt eher dürftig: Indonesia retailer partners with London fund in turnaround bid JAKARTA -- Mitra Adiperkasa, which operates stores of major foreign brands such as Starbucks and Zara in Indonesia under franchise contracts, will partner with London-based private equity firm CVC Capital Partners to reverse a steep decline in profits. Mitra said in a Tuesday news release it will spin off its apparel and goods brands categorized under sports, golf, kids and lifestyle, a shoe retail chain called Payless, as well as their local production units into a single, wholly owned subsidiary called MAP Aktif Adiperkasa. Fetty Kwartati, a company spokeswoman, said the new entity will account for about a third of the group's revenue and profit. MAP Aktif will issue a 1.5 trillion rupiah ($120 million) bond with a five year maturity and zero coupon to Asia Sportswear Holdings, a unit of CVC, to pay down debt. In return, Mitra has agreed to give Montage Company, another unit of CVC, options to own up to 30% of MAP Aktif's shares when it launches an initial public offering, as early as 2019. Kwartati said CVC will send members to the management board to help bring operational expertise. The plans are subject to approval at a shareholders meeting scheduled for May. Investors welcomed Mitra's plan, sending the company's shares 17% higher by Tuesday's close. Shares on Monday were down 28% from a year earlier. CVC, which usually buys shares at a discount and sells them for a higher price after ramping up the company's value, is well known among analysts in Indonesia for boosting profits at Matahari Department Store, after buying the company in 2010. Harry Su, head of research at local brokerage Bahana Securities, said the deal can help Mitra "create synergy with Matahari" in areas such as inventory management and cross selling. The move came after Mitra suffered a steep decline in profit. On Tuesday, Mitra reported a net profit of 74 billion rupiah ($5.62 million) for the year ended Dec. 31, a 77% decline from the previous year. Despite a 21% increase in revenue to 11.82 trillion rupiah, the company was hit hard by weak purchasing power amid a slowdown in economic growth, and higher import costs because of the weak rupiah. Mitra has already started to scale back on the expansion of its store network. It opened only 99 stores in 2014 compared to nearly 400 stores in 2013. The company also sold a part of its stake in subsidiaries that operate Domino's Pizza and Burger King stores to Everstone Capital, another private equity firm. Quelle: http://asia.nikkei.com/Business/AC/Indonesia-retailer-partne… |
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| aus der Diskussion: | Wohin geht die Wachstumsreise? |
| Autor (Datum des Eintrages): | rendel (01.04.15 11:57:36) |
| Beitrag: | 24 von 25 (ID:49473512) |
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