City Chic Agrees to AU$10 Million Debt Restructure; Confirms Fiscal 2024 Sales Forecast

MT Newswires Live06-21

Women's apparel firm City Chic Collective (ASX:CCX) agreed to restructure its AU$10 million multi-currency debt facility and extended the maturity to December 2026, according to a Thursday Australian bourse filing.

The statement comes as the Australian Financial Review published a news report stating that City Chic's sales were down 30%, which the company confirmed at AU$187 million including its Avenue brand, the filing said.

The company's fiscal 2024 proforma adjusted earnings before interest, taxes, depreciation, and amortization from continuing operations excluding its Avenue and Evans brands is a loss of AU$9.3 million, the filing said.

As announced Tuesday, City Chic has signed a definitive agreement to sell Avenue to Fullbeauty Brands for $12 million, expected to be completed in July and subject to two working capital adjustments at completion.

Price (AUD): $0.30, Change: $, Percent Change: %

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2445070220?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-21 06:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2445070220","market":"us","top_or_hot":-1,"title":"City Chic Agrees to AU$10 Million Debt Restructure; Confirms Fiscal 2024 Sales Forecast","media":"MT Newswires Live","content":"<html><body><p> Women's apparel firm City Chic Collective (ASX:CCX) agreed to restructure its AU$10 million multi-currency debt facility and extended the maturity to December 2026, according to a Thursday Australian bourse filing.</p><p>The statement comes as the Australian Financial Review published a news report stating that City Chic's sales were down 30%, which the company confirmed at AU$187 million including its Avenue brand, the filing said. </p><p>The company's fiscal 2024 proforma adjusted earnings before interest, taxes, depreciation, and amortization from continuing operations excluding its Avenue and Evans brands is a loss of AU$9.3 million, the filing said.</p><p>As announced Tuesday, City Chic has signed a definitive agreement to sell Avenue to Fullbeauty Brands for $12 million, expected to be completed in July and subject to two working capital adjustments at completion.</p><p>Price (AUD): $0.30, Change: $, Percent Change: %</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>City Chic Agrees to AU$10 Million Debt Restructure; Confirms Fiscal 2024 Sales Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCity Chic Agrees to AU$10 Million Debt Restructure; Confirms Fiscal 2024 Sales Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-21 06:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Women's apparel firm City Chic Collective (ASX:CCX) agreed to restructure its AU$10 million multi-currency debt facility and extended the maturity to December 2026, according to a Thursday Australian ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CHCO","symbol_name":"City Holding Company","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2445070220","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2445070220","pubTimestamp":1718924102,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Women's apparel firm City Chic Collective  agreed to restructure its AU$10 million multi-currency debt facility and extended the maturity to December 2026, according to a Thursday Australian bourse filing.The statement comes as the Australian Financial Review published a news report stating that City Chic's sales were down 30%, which the company confirmed at AU$187 million including its Avenue brand, the filing said. The company's fiscal 2024 proforma adjusted earnings before interest, taxes, depreciation, and amortization from continuing operations excluding its Avenue and Evans brands is a loss of AU$9.3 million, the filing said.As announced Tuesday, City Chic has signed a definitive agreement to sell Avenue to Fullbeauty Brands for $12 million, expected to be completed in July and subject to two working capital adjustments at completion.Price : $0.30, Change: $, Percent Change: %","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CHCO":"City Holding Company","CCX.AU":"CITY CHIC COLLECTIVE LTD"},"translate_title":"City Chic同意1000万澳元债务重组；确认2024财年销售预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHCO":1,"CCX.AU":0.9},"content_text":"Women's apparel firm City Chic Collective (ASX:CCX) agreed to restructure its AU$10 million multi-currency debt facility and extended the maturity to December 2026, according to a Thursday Australian bourse filing.The statement comes as the Australian Financial Review published a news report stating that City Chic's sales were down 30%, which the company confirmed at AU$187 million including its Avenue brand, the filing said. The company's fiscal 2024 proforma adjusted earnings before interest, taxes, depreciation, and amortization from continuing operations excluding its Avenue and Evans brands is a loss of AU$9.3 million, the filing said.As announced Tuesday, City Chic has signed a definitive agreement to sell Avenue to Fullbeauty Brands for $12 million, expected to be completed in July and subject to two working capital adjustments at completion.Price (AUD): $0.30, Change: $, Percent Change: %","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2445070220"}