On March 6, 2008 it was announced that retailer H & M Hennes & Mauritz AB (H&M) would acquire the company Fabric Scandinavien AB, maker of Cheap Monday jeans and operator of the Weekday store. H&M bought 60 percent of Fabric Scandinavien for 564 million Swedish kronor (US$92 million at the time) from the founders of the company: Adam Friberg, Lars Karlsson, Örjan Andersson and Linda Friberg. H&M has "the possibility/obligation to acquire the remaining shares in the company within three to five years."
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Other articles related to "acquisition, acquisitions":
... to successfully evaluate the investment issues of the acquisition ... solely, on the systems and services requirements and the acquisition strategy that will be adopted ... software purchase (or development), but with the costs of all activities within the acquisition ...
... • 1950 Acquisition of “Port Salut” created in 1816 ... • 1972 Acquisition of the company Samos ... • 1973 Acquisition of Crowson in the UK, that will become Bel UK and creation of a subsidiary in Switzerland that will become Bel Suisse (Bel Switzerland) ...
... However, Florida National revealed in 1981 that it was willing to permit acquisition by Chemical Banking Corporation of New York after laws preventing interstate banking were lifted ... However, at the time, interstate banking acquisitions were prohibited by Federal law and required state legislative approval ...
... Holdings CEO Tim Collins in the 2000 acquisition of Long-Term Credit Bank of Japan to form Shinsei Bank ... After an unsuccessful attempt to arrange an acquisition of Sallie Mae in 2007, Flowers became deeply involved in the financial crisis of September 2008 ... approached by Bank of America to advise it on a potential acquisition of Lehman Brothers, and only 14 hours later was approached by AIG to advise it ...
Famous quotes containing the word acquisition:
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469399 B.C.)
“Always and everywhere children take an active role in the construction and acquisition of learning and understanding. To learn is a satisfying experience, but also, as the psychologist Nelson Goodman tells us, to understand is to experience desire, drama, and conquest.”
—Carolyn Edwards (20th century)
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (18551944)