Home / Knowledge / News / Apparel/Garments / Edelweiss acquires mountain clothing maker Millet
Edelweiss acquires mountain clothing maker Millet
13
Mar '09
After several years of successful collaboration, the Lafuma Group has sold the Millet brand in Korea to its licensee Edelweiss.

The transaction totaled 5.8 million euros. Sales achieved under the Millet license for Korea in 2008 stood at 6.2 million euros.

The deal is the logical outcome of a successful partnership in developing the Millet brand in Korea, for a long-term perspective. The agreement also provides for continued technological collaboration and a commitment by Edelweiss to maintain the technical and high-end brand positioning.

The Lafuma and Edelweiss groups also remain bound by a licensing agreement for China signed in January 2008.

This sale falls in line with the Lafuma strategy of furthering debt reduction by selling off assets that are not strategic or that are held in countries where the Group does not have the vocation to create a direct set-up.

Moreover, the Group has signed a loan agreement with its banks for its summer campaign and negotiations are underway for the reorganization of its mid-term debt.

As a reminder to shareholders, the Annual General Meeting will be held on March 19, 2009, at 11am, in the Group office, 5 rue de La Terrasse in Paris (17th arrondissement).

Lafuma Group


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search