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Article: CALIDA TO ACQUIRE AUBADE.
- Article from:
- WWD
- Article date:
- May 10, 2005
CopyrightCOPYRIGHT 2005 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Karyn Monget
NEW YORK -- Calida Holding AG, a Swiss-based sleepwear and underwear specialist, has entered into an agreement to acquire Aubade Paris, a French maker of upscale lingerie.
The deal is expected to be completed in mid-2005, according to a statement on the calida.com Web site. A purchase price was not available.
Aubade, a 47-year-old manufacturer of sultry bras and panties and elaborate jeweled thongs, generated estimated wholesale sales of 48.6 million euros in 2004, which translates to $60.4 million at average exchange. Calida, which posted sales of 138 million Swiss francs, or $111.2 million, owns and operates 90 ...