Eliezer Bouskilla and Yehuda Albaz, Chief Executive Officer of Brill Shoe Industries Ltd., cancelled the acquisition to acquire an additional 9.99% stake in Brill Shoe Industries Ltd. from Ofer Ganazi.
June 05, 2017
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Eliezer Bouskilla and Yehuda Albaz, Chief Executive Officer of Brill Shoe Industries Ltd., signed an agreement to acquire an additional 9.99% stake in Brill Shoe Industries Ltd. (TASE:BRIL) from Ofer Ganazi for ILS 12.5 million on June 6, 2016. Under the transaction, Eliezer Bouskilla will acquire 0.48 million shares of Brill Shoe Industries and pay an amount equal to ILS 10.04 million while Yehuda Albaz will acquire 0.12 million shares and pay an amount of ILS 2.5 million. The consideration, under the agreement, will be paid until June 9, 2016. Upon completion, Ofer Ganazi will quit as Board’s President and Director in Brill Shoe Industries and related companies and Brill Shoe Industries will pay within 7 days after payment of the consideration any amount owed to Ofer Ganazi.
Eliezer Bouskilla and Yehuda Albaz, Chief Executive Officer of Brill Shoe Industries Ltd., cancelled the acquisition to acquire an additional 9.99% stake in Brill Shoe Industries Ltd. (TASE:BRIL) from Ofer Ganazi on June 6, 2017.
Brill Shoe Industries Ltd. (Brill) is an Israel-based shoe retailer, which manufactures, imports, distributes and markets shoes and sports clothing. The Company has a retail chain of 70 Gali Brand Name stores throughout Israel. Brill is also an importer and distributor in Israel of a range of famous brand name shoes from Italy and the United States. Foreign brands include Caterpillar, Hush-Puppies, Coleman, Harley Davidson, Barbie, Winnie-The-Pooh, Hummer, Dockers, Nine-West, Anne Klein, Easy Spirit, Keds, Maui, Spalding and Lee Cooper. Brill is also an importer and distributor of Spalding shoes and sports clothes. The Company manufactures its own shoes at its Rishon Le Zion plant in Israel. Brill's shoes range from classic and conservative styles through fashion and dress shoes, sports, hiking and working shoes, boots and sandals, and casual wear and slippers.
Eliezer Bouskilla and Yehuda Albaz, Chief Executive Officer of Brill Shoe Industries Ltd., cancelled the acquisition to acquire an additional 9.99% stake in Brill Shoe Industries Ltd. from Ofer Ganazi.