TSXV symbol: GBV
SAINTE-JULIE, QC, March 31, 2015 /CNW Telbec/ - Groupe Bikini
Village inc. (TSXV: GBV) ("Groupe Bikini Village" or
the "Corporation") confirms today that it has sold
substantially all of its assets to Boutique La Vie en Rose Inc. In
consideration for this sale, the Corporation received gross
proceeds of approximately $3,790,000.
About Groupe Bikini Village.
Groupe Bikini Village inc. was a leading swimwear retailer with
a network of stores across Eastern
Canada. In its inviting stores, Bikini Village helped its
customers choose from among Canada's widest selection of swimwear,
beachwear, travel clothing and beach accessories. Headquartered in
Sainte-Julie, Quebec, Groupe
Bikini Village operated 52 stores and employed approximately
400 people; its securities trade on the TSX Venture Exchange
under the stock symbol GBV.
About La Vie en Rose
La Vie en Rose is the leading Canadian specialty lingerie and
swimwear retailer catering to women aged 25-45. Known as a bra
specialist, La Vie en Rose also offers a range of lingerie,
sleepwear, loungewear, as well as swimwear, beachwear and
accessories. Acquired in 1996 by President and CEO François
Roberge, the chain now counts nearly 180 boutiques nationwide,
divided into three store concepts: La Vie en Rose, La Vie en Rose
Aqua, and La Vie en Rose Outlet. Since the beginning of its
international expansion in 2004, La Vie en Rose has opened more
than 90 boutiques outside Canada,
in 17 countries. Headquartered in Montreal, La Vie en Rose is a true Canadian
success story and continues its international growth.
Disclaimer regarding forward-looking statements
Certain statements included in this press release may constitute
"forward-looking statements" within the meaning of applicable
securities laws. Forward-looking statements are necessarily based
on a number of estimates and assumptions that, while considered
reasonable by management when they are made, are inherently subject
to significant business, economic, and competitive uncertainties
and contingencies. Investors are cautioned not to place undue
reliance on forward-looking statements. The Corporation disclaims
any intent or obligation to update publicly these forward-looking
statements, whether as a result of new information, future events
or other development unless required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as these terms are defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE GROUPE BIKINI VILLAGE INC.