FNG seeks 40 to 50 million euro | RetailDetail

FNG seeks 40 to 50 million euro

FNG seeks 40 to 50 million euro

Clothing group FNG, which owns Fred & Ginger and Claudia Sträter, wants to attract 40 to 50 million euro through bonds to finance its recent Dutch acquisitions. 

Steps and Superstar

It was no secret FNG would be use bonds to fund its largest acquisition ever, which is when it bought the Steps and Superstar brands alongside Coltex Retail Group's purchasing department.

 

The amount has not yet been confirmed by the company itself. Currently, 60 % of the company is still controlled by its founders (Dieter Penninckx, Anja Maes and Manu Bracke). Emiel Lathouwers (AS Adventure founder), Guido De Vos (who launched CKS) and Econopolis are also part of FNG's shareholders.

Questions or comments? Please feel free to contact the editors


Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.

Nestlé on a diet: cuts back sugar, fat and salt levels

17/05/2018

Nestlé wants to lower its sugar, salt and fat levels to play into the global demand for healthier food.