arabtoday
Last Updated : GMT 08:19:49
Arab Today, arab today
Arab Today, arab today

Lafuma: talks with S Korea\'s E-Land collapse

Arab Today, arab today

Arab Today, arab today Lafuma: talks with S Korea\'s E-Land collapse

Paris - AFP

French outdoor clothing and equipment maker Lafuma said Monday that talks with E-Land on the South Korean apparel retailer\'s acquisition offer have collapsed. \"The very preliminary discussions held with E-Land following its expression of interest did not reveal sufficient synergies to achieve a step change in Lafuma\'s development strategy, notably on the international front, and in its capital,\" Lafuma said in a statement. Lafuma confirmed last month it was in talks with E-Land after receiving an expression of interest from the South Korean company. The bi-weekly magazine La Lettre de L\'Expansion had reported that E-Land was seeking to \"take control\" of Lafuma, with an offer for the group\'s entire shareholding at 35 euros per share. That reported offer, which was twice that of Lafuma\'s trading price on the stock market before the talks became public, valued the French group at 122 million euros. Lafuma\'s share price had risen following news of the talks but had sunk back to 22.20 euros. The maker of surf brand Oxbow and trekking marques Millet and Eider had said in July that it wanted to focus on its international expansion, notably in Asia. Lafuma said it would continue implementing that strategy in particular \"developing group subsidiaries and partnerships in Asia and in China.\" Lafuma recorded a sales dip of 0.3 percent to 248.7 million euros for its fiscal year that ended in September. It has yet to release its annual earnings figures, but it earned 0.9 million euros in the first half of its reporting year. Lafuma recorded profits of 3.9 million euros in its 2010-11 fiscal year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lafuma talks with s korea\s eland collapse Arab Today, arab today lafuma talks with s korea\s eland collapse

 



Arab Today, arab today
Arab Today, arab today Adidas Originals ‘reinterpreted’

GMT 14:52 2016 Thursday ,01 December

Adidas Originals ‘reinterpreted’
Arab Today, arab today Holiday magic is everywhere

GMT 13:04 2016 Saturday ,03 December

Holiday magic is everywhere
Arab Today, arab today Paris's matchbox apartments

GMT 10:37 2016 Saturday ,24 September

Paris's matchbox apartments
Arab Today, arab today As nearly 20,000 children flee Aleppo

GMT 07:50 2016 Saturday ,03 December

As nearly 20,000 children flee Aleppo
Arab Today, arab today What next after landmark

GMT 09:01 2016 Saturday ,03 December

What next after landmark
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Dino-killing crater shows clues

GMT 14:43 2016 Thursday ,24 November

Dino-killing crater shows clues
Arab Today, arab today For Yazidi women left behind

GMT 08:00 2016 Saturday ,03 December

For Yazidi women left behind
Arab Today, arab today Green groups pressure Spain

GMT 13:01 2016 Thursday ,01 December

Green groups pressure Spain
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Hyundai allows Saudi journalists

GMT 15:14 2016 Thursday ,01 December

Hyundai allows Saudi journalists
Arab Today, arab today Latest Infiniti QX to compete

GMT 13:16 2016 Saturday ,26 November

Latest Infiniti QX to compete
Arab Today, arab today Austria's race against time

GMT 11:44 2016 Thursday ,01 December

Austria's race against time
Arab Today, arab today Car manufacturers to power Europe

GMT 13:01 2016 Tuesday ,29 November

Car manufacturers to power Europe

GMT 12:45 2016 Tuesday ,29 November

To find German funny bone

GMT 13:52 2016 Monday ,28 November

Punk memorabilia torched

GMT 04:15 2016 Thursday ,30 June

World's largest uncut diamond fails

GMT 12:39 2016 Friday ,25 November

Arctic 9-12C above normal

GMT 15:59 2015 Wednesday ,27 May

Seoul elevates gardening to high art

GMT 12:39 2016 Saturday ,26 November

Skin patch could help kids

GMT 13:19 2016 Monday ,21 November

New nationalism stoking fears

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 09:53 2016 Sunday ,15 May

OMEGA official timekeepers
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Powered and Developed by FilmMatters

Copyright © 2016 Arabtoday

Developed by FilmMatters

© 2016 Arabtoday

arabtoday arabtoday arabtoday
arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabtoday, Arabtoday, Arabtoday