(Reuters) – Germany’s Gerry Weber (GWIG.DE) said on Monday it had agreed to buy fashion group Hallhuber from private equity firm Change Capital Partners LLP, expanding into a market catering to women in their mid-twenties and above.
Hallhuber will start making a positive contribution to Gerry Weber’s operating profit and earnings per share in the financial year through the end of October 2015, Gerry Weber said in a statement.
The two parties agreed not to disclose the purchase price, it said, adding it would probably finance the takeover by raising long-term debt.
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