BIDERMANN CONFIRMS DEAL SET FOR EUROPEAN ACQUISITION
PARIS--Bidermann International confirmed Thursday that a bid by a group led by Alain Némarcq and Léo Gros to acquire the European activities of the firm had been accepted by its board. While giving no specifics, the board said it estimates the equity capital to be brought to Bidermann SA, the operating arm of the Bidermann International holding company, and the debt restructuring plans of the deal will enable the firm to consolidate its financial situation and insure its future. Bidermann's activities in Europe are in men's wear. There was no word as to Bidermann's U.S. unit, Bidermann Industries, which holds the license for Ralph Lauren Womenswear. When queried Wednesday about reports the deal was imminent, Michel Zelnik, Bidermann Industries chairman, said to his knowledge it would not affect the U.S. unit, which would be "separate from the French entities." He declined further comment Thursday, noting he had not yet seen the paperwork. Némarcq is president of the Tehen knitwear group and a former managing director of Bidermann SA, and Gros is the founder of Montagut, a French ready-to-wear maker.
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