Elite World S.A.
Elite World S.A.: Acquisition of Women Management S.a.r.l./Paris and Women Management Inc./New York
Elite World S.A. / Key word(s): Acquisition/Acquisition 18.06.2014 07:29 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Luxembourg, June 18, 2014 - Elite World S.A. (ISIN LU0252519037) announced the exercise of an option granted by Pacific Global Management S.à.r.l. (PGM) which allows Elite to acquire two international businesses: Women Management S.a.r.l. (100% of shares) based in Paris and Women Management Inc. based in New York (80% of shares). Revenue generated by Women Management as of December 31, 2013 was more than EUR 54 million (Women Management Inc: EUR 38.2 million and Women Management S.a.r.l. EUR 16 million). The price for the acquisition amounted to EUR 22,1 million. Over the past two decades Women Management has launched the careers of models such as Carmen Kass, Isabeli Fontana, Julia Stegner, Iselin Steiro, Kate Moss, Jourdan Dunn, Kasia Struss and Natasha Poly. Now with the acquisition of these two businesses, Elite Group holds a unique leading position in the landscape of today's modeling industry. Women Management became part of the Elite Group, however Elite and Women Management maintain independent in the market with their own brands and existing commercial partnerships. Together they manage the highest ranking top models in the industry with some of the most new faces in the business today. The deal will offer unique opportunities for both companies to build on their success stories, utilizing the Group's expertise and skills in digital marketing, multimedia distribution as well as media and brand management. Elite World S.A. The Board of Directors About Elite World Elite World S.A. is an international model management company with currently more than 150 employees in the group. The Elite Network comprises wholly owned agencies in 10 countries and franchises in a further 10 countries that have licensed the "Elite Model Management Concept". Elite can offer its clients a complete range of models for any booking requirements. Elite models are organized into several distinct categories such as Catwalk, Main Board, Catalogue, Celebrity, New Faces and Men. In addition to its core business of model management, the Elite Group has an additional two business divisions: The "Elite Licensing" division which involves principally the granting of licenses based on the Elite Group's trademarks to distributors for consumer products to be sold under the Elite brand. The "Elite Model Look" division which organises the international model search contest "Elite Model Look" with the Elite Model Look World Final as its yearly highlight. For further questions please contact: Elite World S.A. Alessandro Raffelini Group Chief Financial Officer 28, Boulevard d'Avranches L-1160 Luxembourg Telephone: +352 26 26 29 2545 Email: a.raffelini@elitemodelworld.com 18.06.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden