Tom Tailor Group announces that it has completed its takeover of Bonita.
Following approval by the German and Austrian antitrust authorities, the takeover has now been finalised through the entry of the capital increase in kind from authorised capital into the Commercial Register.

As of August 8, 2012, BONITA is therefore a wholly owned subsidiary of Tom Tailor Holding AG and will be fully consolidated with retroactive effect from 1 August 2012.

With the the new Bonita brand, the Group now operates more than 1,350 retail stores with more than 6,100 employees in its core markets of Germany, Austria, Switzerland and Benelux.

"We will now begin to work on the integration process and on bringing together the strengths of both brands. Tom Tailor’s expertise in design and the proven retail expertise of BONITA will open up new opportunities and allow us to grow profitably together,” said Dieter Holzer, Chairman of the Management Board (CEO) of Tom Tailor Holding AG.

The acquisition was announced on June 20, 2012. The purchase price consists of a cash consideration amounting to approximately EUR 146 million, as well as around 6 million new Tom Tailor shares from a capital increase in kind from authorised capital. Bonita International GmbH & Co KG, a wholly owned subsidiary of the non-profit foundation Versorgungs- und Förderungsstiftung Vaduz, Liechtenstein, now holds a 24.9% stake in Tom Tailir, and will not exceed this threshold in the long term. The new shares from the capital increase in kind may not be traded within the first three years and are therefore not available for sale.