[Korea gimeunji financial newspaper reporters] are ssolrigo Eland is interested in whether the sale of the sold together EnC followed fashion brand on the fashion company Tini Wini Grass V (V-GRASS) China's overseas businesses.
19 days, according to the fashion industry Eland has been proposed sale of the rights to the brand being deployed EnC China from foreign companies and private equity.
In this regard, E-Land "has, including EnC coming several questions about my entered brand in China" and "Santini in the wake of Winnie the sale of the two phases of the E-Land brand in the Chinese market rises saw the other brands being deployed in China, the interest seems to be increasing on, "he said.
Following "detailed review of the sale, as is known in the market is about not only the coming statement," it said "EnC allow the sale of such proceeds or not the depth brand cases that step" is explained.
It was affiliated women's fashion brand dot-com companies EnC netisyeon while the arguments of the dot-com subsidiaries Eland Eland Fashion World netisyeon was incorporated in 2006 as a brand of Eland series. Current Eland World holds the rights for Korea and China EnC.
Eland has been operating for more than 40 fashion brands throughout China, including EnC. Last year basis as well as New Balance 500 billion has been estimated to grow revenues of KRW 4,000 billion won and 200 billion won each brand Eland, Scofield high growth potential, such as various fashion brands have developed in China.
In the case of the sale Tini Wini serves Chinese characters Winnie the favored had sales of more than 400 billion won per year in China.
Eland and V grass between Tini Wini sale amount was the largest of global mergers and acquisitions of domestic fashion brands, in January of this year dill closing time Eland is "secure disposal gains of 750 billion won over the Tini Wini sale, 300% end of 2016 1 quarter of this year reached the debt ratio has been able to reduce up to 240 percent, "he said.
Korea Investors Service (KIS) has lowered the corporate credit rating one step Eland Eland World gyeokin holding company late last year to BBB- from BBB. KIS is a credit rating downgrade for the "deda heavy financial burden compared to revenues changchulryeok, has received a credit rating is negatively affected due to uncertainties in the implementation of self-rescue plan" is a admission.
E-Land and is the only figure lower the debt ratio to 100 percent by the end of the year. Because the industry is larger the observation that "the non-Tini Wini fashion brand is also likely to focus on selling higher margin improvement." Low-margin fashion brand, is expected to sell or will engage in reorganization, including a merger with an existing brand.
Eland is currently out speed even after the sale of real estate Tini Wini on sale to increase financial stability. The goal this year is listed Eland is a plan to secure a 200 billion won, 500 billion won to accumulate only the first half of the year through the first quarter of real estate cleanup.
Last year, E-Land has secured a 250 billion won through the sale of hongdaeyeok and Hapjeong, Magog commercial grounds. Following this year's E-Land is planning to dispose of the open area located in Busan, written and minrak with the decision of closing NC Pyeongchon points.
Eland Construction is reportedly in promoting the sale of the Seongnam Industrial Park as the Daedeok Techno Valley, plans to sell real estate it is the case of E-Land Retail Incheon Namdong Daegu sinseodong real estate foreclosure, yet the nation's warehouse and factory site and Gangnam Jump Milan.
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