A French-U.S. giant for children’s clothing is born

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12 January 2017 à 16h25

Updated on 10 May 2019 à 18h02

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1 minute

Publication: 12 January 2017 à 16h25, Updated on 10 May 2019 à 18h02

Reading time: 1 minute

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Publication

12 January 2017 à 16h25

Updated on 10 May 2019 à 18h02

Reading time

1 minute

Publication: 12 January 2017 à 16h25, Updated on 10 May 2019 à 18h02

Reading time: 1 minute

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After months of discussions, the French retailer Orchestra-Premaman finally signed a deal in December 2016 to buy U.S. rival Destination Maternity, which is valued about US$100 million. The deal should be closed before June 2017. One year ago, Orchestra took a 13.3% stake in Destination Maternity and urged
the New Jersey-based chain to start takeover talks. Destination shareholders will own 28% of the future venture and those of Orchestra will have 72%.

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