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


Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia

12/07/2018

In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch

11/07/2018

Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.

Snacks boost Pepsico’s sales

10/07/2018

Snack and beverage giant Pepsico has recorded a slight revenue growth of 2.4 % in the second quarter of this year. Net profit however went 14 % lower, due to rising taxes.