×
227
Fashion Jobs
PAUL SMITH
Junior Art Director - Japan
Permanent · TOKYO
360 TALENT LONDON
Senior Sales Executive
Permanent · LONDON
PAUL SMITH
Franchise Regional Executive
Permanent · LONDON
CONFIDENTIAL
Kidswear Area Manager - UK Market
Permanent · LONDON
BURBERRY
Retail Training Manager Emeia
Permanent · LONDON
CALZEDONIA GROUP
Key Holder
Permanent · LONDON
DR MARTENS - AIRWAIR INTERNATIONAL
Footwear Purchasing And Planning Aid
Permanent · WOLLASTON
HOMEGOODS
Loss Prevention Detective
Permanent · Edina
PYOU
Sales Assistant - Womenswear Brand - London
Fixed-term · LONDON
NAMED MODELS
Booking Assistant Internship
Internship · LONDON
CLAUDIE PIERLOT UK
Sales Assistant - 30h - Permanent - Manchester - UK Nord m/f
Permanent · MANCHESTER
CHRISTIAN DIOR COUTURE
Full Time Sales Consultant Dublin (Ireland)
Permanent · DUBLIN
CHRISTIAN DIOR COUTURE
Full-Time Sales Consultant - Selfridges, London (Permanent)
Permanent · LONDON
BA&SH
Sales Assistant - Full Time - Harvey Nichols - London
Permanent · LONDON
STEPHANIE JACKSON RECRUITMENT.
Customer Care Associate (Zen Desk - Head Office)
Permanent · LONDON
DAUPHIN
Wholesale & Finance Assistant
Internship · LONDON
STEPHANIE JACKSON RECRUITMENT.
Cashier Full Time (Temp to Perm*)
Fixed-term · LONDON
STEPHANIE JACKSON RECRUITMENT.
Sales Associate Full Time (Temp to Perm*)
Fixed-term · LONDON
STEPHANIE JACKSON RECRUITMENT.
Sales Associate (Bicester Village)
Temp/seasonal · BICESTER
THORNAES FASHION MARKETING CONSULTING
Sales And Marketing Internship
Internship · LONDON
RECRUTEMENT@DEFURSAC.FR
Store Manager H/F
Permanent · LONDON
RECRUTEMENT@DEFURSAC.FR
Sales Assistant H/F
Permanent · LONDON
Advertisements
By
Reuters
Translated by
Nicola Mira
Published
Jan 5, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Baccarat placed under control of pool of international investment funds

By
Reuters
Translated by
Nicola Mira
Published
Jan 5, 2021

Luxury crystalware producer Baccarat is now controlled by a pool of international investment funds, which don’t rule out a subsequent sale or a restructuring of the French group.


French crystalware producer Baccarat is now controlled by a pool of international investment funds, and a further sale or restructuring aren’t ruled out - Photo prise le 18 septembre 2020/REUTERS/Charles Platiau


According to a notice published on Monday by France’s financial markets authority (AMF), investment funds Tor Investment Management, Sammasan Capital, Dolphin Capital, CEOF Holdings and Corbin Opportunity now collectively own a 97.1% stake in Baccarat.

The acquisition follows the signing of a loan agreement between the investment funds and Baccarat’s majority shareholder, Fortune Legend Limited (FLL), a subsidiary of Chinese group Fortune Fountain Capital (FFC). As part of the agreement, FLL’s shares have been pledged as collateral.

The investors have indicated to AMF that they intend to file a takeover bid for Baccarat, which in September 2020 was placed under temporary administration after FFC went into liquidation. Following their bid, they said they also envisage delisting Baccarat.

According to the AMF notice, Baccarat's new owners intend to “bolster and strengthen” the group’s “leadership position” on the market.

“Their ambition is to support the management of Baccarat in implementing coherently and effectively the company’s main strategic guidelines, in order to help [the group] achieve its development and growth objectives,” stated AMF.

Consequently, they are expected to devise policies “designed to contribute to pursuing Baccarat’s development and growth plans,” including the “sale or restructuring of the group.” No one was presently available to comment at Baccarat.



 

© Thomson Reuters 2021 All rights reserved.