May 22, 2023
DTC is eying potential acquisitions again after taking 2022 off, looking for tuck-in opportunities to expand retention and build TAM, along with building depth in its current international markets, the company said in a talk with Piper Sandler on OETV’s SHARE Series.
The Taiwanese parent of the Matrix, Vision and Horizon fitness brands saw red ink in the first quarter, reporting a net loss of TWD 646.8 million ($21.0 mm) against a profit of TWD 82.0 million last year, as revenues dipped 7% to TWD 7,035.3 million ($228.7 mm) from TWD 7,526.6 million.
Net loss attributable to shareholders at the Taiwanese bicycle maker was TWD 38.8 million ($1.3 mm) from last year’s profit of TWD 94,534 million, on 2% lower revenues of TWD 1,110.6 million ($36.1 mm) against TWD 1,131.2 million.
MS Alpa Participacões Ltda., an entity owned by Cambuhy Alpa Holding Ltda., and Alpa Fundo de Investimento em Acões, who are part of Alpargatas’ controlling shareholders group, have offered to purchase an additional 32 million shares in the Brazilian footwear company on the open market for 10.50 Brazilian reals each for a total of BRL 336.0 million ($67.6 mm).