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Article: Pechelbronn buys 20% stake in Jungle Jap.
- Article from:
- WWD
- Article date:
- June 25, 1985
CopyrightCOPYRIGHT 1985 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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