For the third time in two months, FNG has asked to delay repayment to its bond holders. The Belgian fashion group is in dire straits due to an aggressive acquisition policy, and already had its shares suspended.
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Dutch women's fashion brand Miss Etam is starting to trade in Germany under the name Miss E. In the beginning, the brand that belongs to the Belgian FNG Group will only open an online shop in Germany, but the brand hopes to be able to open physical stores in the future.
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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.
While Zalando is a strong multinational player, there has to be room in Belgium for a strong local fashion web shop. Dieter Penninckx, FNG Group's CEO, thinks that his brand Brantano can claim that place.
After a year of successfully integrating its various brands into the newly erected fashion group, Belgian fashion group FNG is now planning to implement two new retail formulas for its Brantano brand, in an effort to cover the entire Belgian shoe market.
Belgian clothing brand Fred & Ginger, part of the FNG Group, has now targeted foreign markets and it will sell its new fall and winter collection to wholesale partner for the first time.
Belgian-Dutch FNG Groep has attracted another 25 million euro thanks to new bonds. The money should help finance its recent acquisitions.
FNG Group's three founders have bought back shares from Econopolis Private Investments, with a part of those shares sold to A.S. Adventure's founder.
FNG Group, which owns Fred & Ginger, CKS and Claudia Sträter, seeks an IPO on the Amsterdam stock exchange thanks to R&S Retail Holding (Miss Etam), which recently invested in Brantano alongside FNG boss Dieter Penninckx.