23
Fashion Jobs
BEST SELLER
Payroll Coordinator Slovenia
Permanent · LJUBLJANA
JACK & JONES
Sales Representative Jack & Jones Slovenia
Permanent · LJUBLJANA
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · KOPER
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · LJUBLJANA
INDITEX
Svetovalec za Prodajo / Blagajnik (m/ž)
Permanent · CELJE
BEST SELLER
Business Developer
Permanent · LJUBLJANA
BEST SELLER
Finance Business Partner
Permanent · LJUBLJANA
NAME IT
Sales Representative Name IT Slovenia
Permanent · LJUBLJANA
SELECTED FEMME/HOMME
Sales Representative Selected Slovenia
Permanent · LJUBLJANA
VERO MODA
Sales Representative Vero Moda Slovenia
Permanent · LJUBLJANA
C&A
Prodajni Svetovalec 808 Koper, 40h
Permanent · KOPER
H&M
Prodajalec (m/ž) - Sales Advisor 40h
Permanent · MURSKA SOBOTA
SPORTS DIRECT
Prodajalec - Sports Direct, Btc
Permanent · LJUBLJANA
H&M
Prodajalec (m/ž) - Sales Advisor
Permanent · LJUBLJANA
JACK & JONES
Sale Assistant (Fulltime) Jack & Jones Celje City Center/Slowenien
Permanent · CELJE
JACK & JONES
Shop Manager (Fulltime) Jack & Jones Celje City Center/ Slowenien
Permanent · CELJE
JACK & JONES
Sale Assistant (Fulltime) Jack & Jones Planet Koper/Slowenien
Permanent · KOPER
JACK & JONES
Store Manager (Fullime) Jack & Jones Planet Koper / Slowenien
Permanent · KOPER
C&A
Prodajni Svetovalec 808 Koper, 40h
Permanent · KOPER
BEST SELLER
People & Culture Business Partner
Permanent · LJUBLJANA
BEST SELLER
Marketing & Communications Specialist
Permanent · LJUBLJANA
BEST SELLER
Accounts Receivable
Permanent · LJUBLJANA
Published
May 17, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Bebe to transfer intellectual property to joint venture as part of restructuring plan

Published
May 17, 2017

Bebe on Wednesday reported a decrease in net sales from $79.9 million to $65.7 million in the quarter ended on April 1, as well as loss per share of $6.41. The decrease in sales follows a significant restructuring period for the retailer that began in February.


 
Part of the restructuring is the transfer of Bebe intellectual property. In a 10-Q form filed to the US Securities and Exchange Commission, the California-based retailer said it would transfer the bebe.com domain name, and all Bebe social media and international wholesale agreements to a joint venture, which will license the transferred properties to third parties.
 
The new restructuring details follow store closures and mass layoffs from Bebe. In March, the retailer announced that it would shutter its stores to focus on e-commerce. The retailer avoided filing for bankruptcy by forming deals with landlords to exit the leases of up to 180 stores.

And with store closures comes job cuts. Bebe announced in April that it would cut 700 employees, 400 of which are retail jobs.
 
Bebe expects to pay approximately $7 million to $10 million for severance, accrued vacation and stay-on bonuses, and the retailer plans to sell real estate assets to fund the severance payments, as well as lease termination payments and future operations.
 
The retailer in the quarter ended on April 1 reported $9.2 million in expenses for termination payments related to settlements. The funds from real estate assets are expected to cover the costs associated with restructuring.
 
Bebe has reported sales decreases for consecutive quarters and was believed to file for bankruptcy alongside several retailers that filed Chapter 11 bankruptcies at the end of 2016 or the beginning of 2017. 

Copyright © 2024 FashionNetwork.com All rights reserved.