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Article: GERMANY'S QUELLE TO TAKE OVER FRENCH MAIL ORDER FIRM, AFIBEL.(Brief Article)
- Article from:
- European Report
- Article date:
- January 24, 2001
CopyrightCOPYRIGHT 2001 Europolitics. 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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The German mail order retailer Quelle, a wholly-owned subsidiary of KarstadtQuelle, is to acquire a 75% stake in French firm Afigest, the majority shareholder in Afibel, the specialist in mail order women's clothing. Afigest and Quelle's agreement should be seen in the context of Quelle's growth strategy on the European market and the development of its specialist mail order activities. Afigest currently controls 80.13% of Afibel capital and holds 80.15% of ...