Camuto Consulting, an entity affiliated with US designer and entrepreneur Vince Camuto, first approached Bernard Chaus
in September 2011, offering to take over the company for USD0.
Under this offer the shareholders of Chaus
, other than the members of the Chaus
family, China Ting Group and Camuto, would receive USD0.
added, "We are excited about working with the China Ting team and infusing our brands with the benefit of China Ting's broad based product development resources, strong manufacturing capabilities and supply chain efficiency.
and her husband have owned the China Station Restaurant for 12 years, relying mostly on Asian tourists for their living.
Established inl975, Bernard Chaus
is a fashion accessories company for women.
The special committee of independent directors of Chaus
, after having received a fairness opinion from its financial advisor, unanimously recommended to the board of directors of Chaus
that the merger agreement be approved; and the board then approved the transaction.
Country: USA, Sector: Clothing/TextilesTarget: Bernard Chaus
IncBuyer: Camuto Consulting IncType: StakebuildingStatus: Bidding
Bob Savitt acted on behalf of the ownership and also represented Chaus
in the negotiations.
OB) today announced that it has entered into a long-term Exclusive Supply Agreement with China Ting Group Holdings Limited, listed on the Hong Kong Main Stock Exchange (code 3398), whereby China Ting will act as the exclusive supplier of merchandise purchased by Chaus
, Chairwoman and Chief Executive Officer, said, "We have entered fiscal 2009 with a focus on best positioning our Company in the current environment, while continuing the strategies we have underway to build our business over the long term.
, Chairwoman and Chief Executive Officer, said, "During the fourth quarter, we saw a continuation of the trends we experienced in the third quarter, with our Chaus
and Kenneth Cole department and specialty store labels achieving significant growth, which was more than offset by a decline in our club, private label and Cynthia Steffe businesses.
, Chairwoman and Chief Executive Officer, said, "During the quarter, we saw solid growth in our department and specialty store businesses with our Chaus
and Kenneth Cole brands, offset by lower results in our club and private label channels.