Panos’ parent company La Lorraine hopes to raise 40 million

Panos’ parent company La Lorraine hopes to raise 40 million

La Lorraine Bakery Group aims to raise at least 40 million euro through the issuing of bonds, in order to finance further growth in Central Europe.

40 to 75 million euro

The Belgium-based, family-run business wants to alleviate its debts and spur growth in Central Europa, where it already has a firm basis. The group is active in the milling and bakery sector and reached a turnover of 513 million euro last year It has eleven production sites in Belgium, Poland, the Czech Republic and Romania, exporting to more than 25 countries, usually through its own retail network.

 

The company, Enterprise of the Year 2012 in Belgium, is now giving investors a chance to buy bonds up until 13 December. The bonds are for 7 years and have a gross interest of 4 %, leading to financial insiders to claim it is a “wise decision to get cheap money for the company”, but possibly “not that interesting for investors”, due to the “low interest rate for a longer period of time” and its “low cash character”.

 

La Lorraine’s retail pilar, bread chain Panos, became Best Belgian retail chain in the category “Food to Go” last week.

 

 

 

 

(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors


Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Ralph Lauren outperforms expectations

08/08/2017

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

Difficult first quarter for New Look

08/08/2017

British fashion chain New Look’s past quarter was disappointing with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

ING forced to pay Foot Locker compensation

07/08/2017

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Asics opens its largest store yet in London

04/08/2017

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Back to top