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.

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