Palamon Seeking to Sell Dress-for-less For 400 Million Euro
Jul 3rd, 2010 by admin
Reuters is spreading the rumour that Dress-for-less is for sale: Buyout firm Palamon Capital Partners is selling online fashion retailer Dress for Less as it looks to return money to investors ahead of a fundraising later this year, people familiar with the situation said.
Picture of Palamon Seeking to Sell Dress-for-less For 400 Million Euro [source:excitingcommerce.com]
The European mid-market firm has received approaches for the business, based in Germany, which it bought for an undisclosed sum at the end of 2007, the sources said.
One said the business could fetch about 400 million euros ($488.2 million).
Dress-for-less owns a series of online shops and for a few months now, also the Kolibrishop.
Founder Holger Hengstler had introduced Dress-for-less at the NOAH conference last December.
Fashion Commerce: The Transformation of the Fashion Industry
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.[source:excitingcommerce.com]
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