Cotton Ginny withdraws sale offer

Article Abstract:

Cotton Ginny Ltd., an apparel retailer headquartered in Toronto, Ontario, has cancelled plans to sell the company. The move comes after the firm received unfavorable purchase offers from three or four prospective buyers, which have expressed interest in gaining control over the retail interest. The offers received by the company were deemed insufficient and is not reflective of its overall value, according to Jack McGregor, the firm's president. Cotton Ginny sought to be acquired by another entity in light of the decline in the value of its stock.

Comment:

Cancels plans to sell the company in light of unattractive purchase offers

Asset sales & divestitures, Ontario, Cotton Ginny Ltd., Article

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Dylex set to alter women's wear bosses

Article Abstract:

Dylex Ltd, a 74-outlet Fairweather, Canada-based operation, will replace Steven Somers, current president of its women's wear group who will leave at the end of 1999, with retail veteran Joanne Nemeroff. Somers will remain as a consultant to both women's wear banners until the end of 1999 and continue to operate the firm until someone to head the chain is found. Analysts say Dylex is not getting enough support from its women's wear group to boost its overall profit.

Canada, Dylex Ltd.

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Le Chateau founder to step aside, sells shares

Article Abstract:

Le Chateau Inc. founder, Herschel Segal's decision to sell his stake of shares and step down as head of the company is discussed.

Securities issued, listed, APPAREL AND ACCESSORY STORES, Officials and employees, Appointments, resignations and dismissals, Securities, Company securities, Clothing stores, Le Chateau Inc., Segal, Herschel

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