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Lovisa Holdings Provides European Acquisition French Put Option Update

01 Dec 2020  |  08:43:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: European Acquisition French Put Option Update

Lovisa Holdings announced the acquisition of the European retail store network of German wholesaler beeline GmbH across six European countries, as well as the execution of a Put Option agreement in relation to the acquisition of the beeline France store network of 30 stores. The Put Option provided beeline the option to sell the shares in beeline France to the Company following the completion of mandatory consultation with beeline France's employee works council.

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