Home / Knowledge / News / Fashion / Maus Frères holds 95.6% shares of Gant
Maus Frères holds 95.6% shares of Gant
07
Feb '08
Maus Frères S.A. ("Maus Frères") has through its subsidiary Procastor S.A. ("Procastor") increased its ownership in Gant Company AB (publ) ("Gant"), effectively completing the acquisition of Gant.

Maus Frères has acquired 10,006,970 additional shares representing 59.7 percent of the shares and votes in Gant for SEK 320 per share, including the shares of Gant's Chairman Lennart Björk and those of a number of Gant's master franchisees. Maus Frères now holds a total of 16,031,138 shares in Gant, representing 95.6 percent of the shares and votes in Gant.

Lennart Björk, Chairman of Gant, commented:
"For me, it has been paramount to give Gant a robust and long-term ownership structure in order to continue to build on the strategy and values of the company. With a majority of the shares, Maus Frères is such an owner.

I have agreed to remain as Chairman of Gant and I am delighted to work with Maus Frères to ensure continuity for our master franchisees and staff and to further develop Gant to be one of the four leading brands in the world in our market segment."

Didier Maus, Chairman of Maus Frères, commented:
"We are very pleased to have been able to come to an agreement with Lennart Björk and all of the order of Gant's major shareholders which puts an end to a period of uncertainty and paves the way for future further development of Gant around the world.

We are very excited by our acquisition of Gant and we have the utmost respect for Lennart Björk's and his colleagues' achievements over many years.


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Rajiv Sirohi
Shara

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

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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