Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Maus Freres buys Gant

Maus Freres has bought Gant after a long-running takeover battle.

The Swiss retailer, which owns the Lacoste brand, has reached an agreement with Gant's chairman Lennart Bjork to buy his shareholding, giving it control of 95.6% of the Swedish brand.

Last month Maus Freres and Bjork engaged in a war of words over the formers attempt to buy the Swedish fashion brand and Bjork urged shareholders to reject its takeover approach because it undervalued the business. However Maus Freres sweetened its offer for the company by 10 Kronor (78p) to 320 Kronor (£25.27) per share, to purchase an additional 59.7% of the stock in issue. It already held 35.3%, making it the largest single shareholder in Gant.

Bjork will remain chairman of Gant.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.