71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
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G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
PANDORA
Sales Assistant Pavillion
Permanent · WESTVILLE
By
Reuters
Published
Dec 15, 2008
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Adrenalina withdraws offer for PacSun; still seeks deal

By
Reuters
Published
Dec 15, 2008


Pacsun Guys collection

Dec 15 (Reuters) - Athletic-clothing retailer Adrenalina withdrew its buyout offer for Pacific Sunwear of California , citing the recent fall in the company's share price, but said it still seeks to acquire its larger rival.

Adrenalina, which is now a shareholder of PacSun, said it plans to significantly increase its stake in the company.

Adrenalina also said it has recently spoken to several of PacSun's largest shareholders who have expressed support for Adrenalina.

Adrenalina reiterated it may take its buyout proposal directly to PacSun's shareholders, and said it may seek to replace the existing board members of its larger rival.

"Shareholder value at PacSun has continued to deteriorate at staggering levels over the past month," Adrenalina CEO Ilia Lekach wrote in a letter dated Nov. 20 to PacSun CEO Sally Kasaks.

Shares of PacSun, a surfing-inspired apparel chain with more than 1,000 stores, have lost 89 percent of their market value since Oct. 28, the day before Adrenalina made the higher of two rejected offers.

The shares, which have lost 89 percent of their market value since they touched a 52-week high of $15.90 last December, were trading flat at $1.74 Monday morning on Nasdaq. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Pratish Narayanan and Anne Pallivathuckal)

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