June 27, 2017 9:59 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Palmers Textil AG

Company Overview

Palmers Textil AG manufactures lingerie, beachwear, and hosiery collections for women in Austria, Germany, and other European countries. It also operates and franchises stores. The company was founded in 1914 and is based in Vienna, Austria. As of December 16, 2015, Palmers Textil AG operates as a subsidiary of MTM Textilhandel GmbH.

Ares Tower

Donau-City-Strasse 11

Vienna,  1220

Austria

Founded in 1914

Phone:

43 01 357 0000

Fax:

43 01 357 0000

Key Executives for Palmers Textil AG

Chief Executive Officer and Chairman of Management Board
Compensation as of Fiscal Year 2016.

Palmers Textil AG Key Developments

Austrian Company Reportedly Interested In Palmers' Stake

An Austrian management group is interested in acquiring a stake in Palmers Textil AG and then re-organising it, according to daily Kurier which cited insider sources. The due diligence is to be carried out by Meinl Bank AG. The deal could be completed in autumn and sales price may be around €8-10 million. Meinl Bank and Palmers declined to comment on the rumors.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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