52
Fashion Jobs
ZALANDO
Head of Engineering - Emerging Propositions
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Beauty Advisor - Sokos Helsinki (Fulltime Temporary)
Fixed-term · HELSINKI
ESTÉE LAUDER COMPANIES
Full Time Beauty Advisor - Vantaa Airport, Helsinki
Permanent · HELSINKI
ESTÉE LAUDER COMPANIES
Estee Lauder Companies - Multi Counter Manager - Stockmann, Turku
Permanent · TURKU
MUJI
Avoin Hakemus - Myymälä
Permanent · HELSINKI
MUJI
Avoin Hakemus - Ravintola
Permanent · HELSINKI
JACK & JONES
Myyjä Jack & Jones Helsinki Outlet
Permanent · HELSINKI
MANGO
Sales Assistant
Fixed-term · VANTAA
RITUALS
Sales Advisor (Summerextra) - Tampere - Ratina Shopping Center
Permanent · TAMPERE
RITUALS
Sales Advisor (Summerextra) - Vantaa - Jumbo
Permanent · VANTAA
JACK & JONES
Kesätöihin Myyjäksi Vero Moda / Jack & Jones Porvoo
Permanent · PORVOO
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Mikkeliin
Permanent · MIKKELI
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Ouluun
Permanent · OULU
NEW YORKER
Haemme Extra- Myyjiä New Yorkerin Myymälään Vaasaan
Permanent · VAASA
MONKI
Sales Advisor, 10h (Summer Help Temporary)
Fixed-term · VANTAA
VERO MODA
Myyjä Vero Moda Seinäjoki Idepark
Permanent · SEINÄJOKI
ESTÉE LAUDER COMPANIES
MAC Make-up Artist (20h/Week) - Sokos Tampere
Permanent · TAMPERE
ESTÉE LAUDER COMPANIES
Beauty Advisor (30h/Week) - Stockmann Helsinki
Permanent · HELSINKI
MASSIMO DUTTI
Sales Assistant Massimo Dutti, Helsinki
Permanent · HELSINKI
H&M
Sales Advisor, 15h - Kesätyö
Permanent · SEINÄJOKI
H&M
Sales Advisor, 10h - Kesätyö
Permanent · KOTKA
H&M
Sales Advisor, 10-20h - Kesätyö
Permanent · PORVOO
Published
Apr 13, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Klépierre walks away from Hammerson, Intu merger to go ahead

Published
Apr 13, 2018

It may not have been good news for the Hammerson share price, but news on Friday that French retail property giant Klépierre is walking away from making another bid for the company probably came as some relief to the Hammerson board. Presumably, this now means that its planned merger with smaller peer Intu can go ahead.


The Grand Central mall in Birmingham - Hammerson



The French company had wanted to create one of the biggest retail property owners in Europe but its UK target was having none of it and it said that the company’s two offers both significantly undervalued it.

Whether that's the case or not is something we will learn in the months and years ahead as the merged Hammerson-Intu works hard to overcome the malaise in UK retail and extract as much value as possible from a sector that is being hit hard by the shift to online shopping.

Klépierre had valued Hammerson at around £5 billion and was verbally offering 635p per share, a level the company’s shares haven't actually reached since autumn 2015. And on Friday after its French suitor threw in the towel, the shares fell around 13% to trade at less than 465p each.

“The board of Hammerson did not provide any meaningful engagement with respect to the increased proposal and, after careful consideration, Klépierre has concluded that it does not intend to make an offer,” the French company said.

Analysts said that Klépierre had been keen to take advantage of Hammerson’s weak share price that is a result of investor concerns over the rise of online shopping and also their concerns over the Intu acquisition.

The Hammerson-Intu deal will now creates the largest listed landlord in the UK.

Copyright © 2024 FashionNetwork.com All rights reserved.