In March 2017, CALIDA Group strengthened its e-commerce business by acquiring Reich Online Services GmbH. Subsequent to the transaction, a purchase price allocation (PPA) was conducted for accounting purposes.
CALIDA Group is a globally active apparel group with its lingerie brands CALIDA and AUBADE as well as the alpine sports and outdoor brands MILLET, OXBOW, EIDER and LAFUMA. The CALIDA and AUBADE brands make the CALIDA Group one of the world’s leading providers of high-quality underwear, nightwear and luxury lingerie. The brands are sold in around 70 countries via high-end specialty retailers, upmarket department stores and its own CALIDA stores and AUBADE boutiques. Headquartered in Sursee, Switzerland, the group employs around 3,000 people and generates revenues of over US$412 million. CALIDA Holding AG is listed on the SIX Swiss Exchange in
Reich Online Services GmbH operates different e-commerce platforms. Among others, Reich Online operates the CALIDA online shop in Germany and the multi-brand underwear shop www.onmyskin.de. The company has 75 employees.
Oaklins' team in Switzerland advised CALIDA during the post-transaction phase and produced a PPA report in accordance with IFRS 3. The report contained the allocation of the consideration paid to all identifiable assets acquired and liabilities assumed.
Christoph Stöckli, Group Controlling, CALIDA Group, said: "Oaklins' team in Switzerland carried out the necessary revaluations for us and also supported us in the dialogue with the auditors."
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