Article: Pechelbronn buys 20% stake in Jungle Jap.

PARIS (FNS) -- Pechelbronn, a French portfolio investment firm owned by the private Worms et Cie. financial group, has acquired a 20 percent stake in Jungle Jap SA, the holding company of Kenzo Takada's fashion house, for 40 million francs ($4,200,000).

Francois Beaufume, Jungle Jap's chairman and chief executive officer, described the partial takeover as "purely a financial operation," which may or may not be followed by a possible introduction on the stock exchange at a later stage.

He said Kenzo and "his collaborators and friends," including himself, sold shares to Pechelbronn but they will continue to have "effective financial control" over their ...

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