FNG

What will happen to Ellos, FNG's only remaining retail asset? The banks demand 200 million euros. Previous owner Nordic Capital starts arbitration because it now has a pack of worthless FNG shares.

Belgian plus size fashion label Paprika takes over the Dutch FNG daughter brand Promiss from entrepreneur Martijn Rozenboom. The company wants to turn it into a fully digitalized brand.

Dutch shoe store chain vanHaren (part of the German Deichmann group) has announced more details about its partial acquisition of Brantano. Just forty stores will reopen, staff is not included in the acquisition.

German shoe group Deichmann has acquired 43 of the over 100 stores of bankrupt shoe chain Brantano, saving 300 jobs in the process. The saved stores will join Deichmann's Dutch vanHaren brand, which quadruples its presence in Belgium.

Another turbulent week has delivered two more episodes to the saga about Belgian fashion retailer FNG. As an examining magistrate started a legal investigation, a former 'sibling' announced it wants to buy the Brantano chain.

The end game has begun for FNG: seven candidates would be interested in acquiring parts of the Belgian fashion group, which has reopened its stores in order to clear the current stocks.

Belgian fashion group FNG has filed for bankruptcy, as it was unable to find investors in time. The bankruptcy does not involve all of FNG's activities, however: the Dutch branch asks for protection against creditors, the Scandinavian branch is completely unaffected.