Home / Knowledge / News / Apparel/Garments / France's Go Sport to raise €30mn capital
France's Go Sport to raise €30mn capital
28
Feb '12
Groupe GO Sport, a leading French company that distributes and retails sportswear in France and Poland under brand names GO Sport and Racing, has proposed to increase its capital by €30 million (US$ 39.9 million).

At their meeting to analyze the company's last year performance, the Board of Directors of Groupe GO Sport agreed in principle to increase the capital, in view of decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) due to less than normal sales of seasonal items because of adverse weather conditions.

The proposed capital funding of €30 million is aimed at accelerating the Group's recovery and to strengthen its established position as third largest retailer of sportswear in France, behind Decathlon and Intersport.

The funding will also enable the company to improve customer relationships, differentiation of supply and merchandising, and accelerate commercial relaunch of two brands of Groupe Go Sport.

The company will raise the capital by offering preferential shares to existing shareholders, during second quarter of 2012.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search