Hellos Group News Today

Press release26 March 2024, 11:00 Sdiptech AB : Proposal from the Nomination Committee The Nomination Committee of Sdiptech AB has decided to submit the following proposals for resolution at the...

Fashion brands jointly call on the Commission to support the European Citizens’ Initiative Fur Free Europe and introduce a ban on fur farming and the import of farmed fur products.

A new day, two recent developments regarding the soap opera on the bankruptcy of fashion group FNG. Three Belgian companies from the tree structure have been declared bankrupt, but the Swedish Nordic Capital is said to be trying to take over one of the companies and reclaim the Ellos Group.

The leading partnership management platform, impact.com, has announced a partnership with Ellos in the Nordics, as its team continues to expand across

Alain Hellebaut, CEO of toy chain Maxi Toys, has been appointed executive chair of FNG. Hellebaut thus takes over the responsibilities of resigning CEO Paul Lembrechts. In the meantime, he will also remain at the helm of the toy chain.

Ellos (for now) after all: the fashion group, formerly also the owner of Brantano, is paying the disgruntled former owner Nordic Capital 100 million euros. Together they will ensure a relaunch.   Settlement of 100 million There is, at least, one fewer player claiming Ellos, the last jewel in FNGs crown: a settlement agreement has been reached with former owner Nordic Capital. FNG promises to pay Nordic Capital, albeit in the future, a sum of 100 million euros: 60 million euros of the purchas...

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FNG wants to avoid bankruptcy in order to restart its Swedish e-commerce company Ellos Group. "If the relaunch does not take place, there is a threat of value destruction," says CEO Paul Lembrechts.   "Intensive and constructive discussions" Ellos Group is the only remaining operational activity from the FNG brand portfolio. The company sells and supplies interior products and clothing in Sweden, Denmark, Norway and Finland. Quarter after quarter, the e-commerce platform posted strong figures...