Bebe Joint Enterprise Buys Charles Vögele

Bebe Shops Inc. seems eager on snapping up the alternatives in troubled retail.
The Brisbane, Calif.-based firm disclosed on Thursday its acquisition of European retailer Charles Vögele GmbH. The deal was finished via a three way partnership fashioned between Bebe and Nice American Group LLC and folds in a enterprise that features shops in Slovenia, Hungary and Austria. The acquisition worth was not disclosed.
The Swiss-based retailer’s Austrian enterprise filed for insolvency in July, with underperforming shops in Austria being shuttered underneath its new possession.
The enterprise closed on its buy of the Austrian arm of the enterprise this week, whereas the group’s acquisition of shares in Slovenia and Hungary closed in late September.
Bebe, lower than two weeks in the past, went in with personal fairness agency Bluestar Alliance to purchase Brookstone, which filed for chapter in August.
Manny Mashouf, Bebe chief govt officer and founder, known as Vögele a “distinctive funding alternative,” saying in an announcement that the acquisition will assist “understand the worth of this model.”
OVS SpA in 2016 infused about $14.three million into Sempione Retail AG, of which Charles Vögele was a subsidiary. In trade, OVS took a 35 p.c stake within the enterprise. On the time of the deal, Charles Vögele had reported 2015 gross sales of

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