Belgian fashion group FNG hopes it can enter the Brussels stock exchange as early as next month, in order to secure a lot of new investments for the further expansion of its Brantano chain.
Currently the Belgian group is active on the Dutch stock exchange Euronext Amsterdam, a result of its acquisition of the Dutch R&S Retail Group. FNG has its headquarters in Mechelen, Belgium, and makes all its important decisions there, therefore it wants to enter the Brussels stock exchange as well. Belgian business newspaper De Tijd has been reliably informed that the necessary permissions are almost secured.
This move should enable FNG to secure up to 100 million euro in extra investments, which are necessary to make FNG's huge ambitons with its feature brand Brantano. CEO Dieter Penninckx want to make that brand's web shop "as big as Zalando", but also aims at an offline expansion and rebranding. Currently Brantano only sells shoes, but through its subsets Brantano Boutik and Brantano Market the chain should also venture into full-blown fashion retailing.