Actively sets out the content for sale [South Korea gimeunji financial newspaper reporter] Park Seongsu E-Land Group Chairman alleviate the financial concerns. Chairman Park being the sale of the clothing brand started Tini Wini Highlands Park in catering business, lifestyle living modern shop houses, fashion brands EnC also promoted.
Evaluation Korea company on the 11th of this month has lowered the credit rating of the debentures, the Company Eland Eland top group in the World 'BBB-' from 'BBB' rating on E-Land park was demoted from 'BBB-' to 'BB +'. E-Land Retail ratings of the three affiliates to maintain the 'BBB' is an existing credit rating were to be all negative.
The Highlands is acting as the E-Land Retail IPO planned from May to June this year, the first half of next year out to speed the restructuring for attracting external funding. Prior Eland is sold in 877 billion won in the last China Fashion supplier Grass V (V-GRASS) fashion brand Tini Wini month and has secured a margin of 7,500 won billion. Through Eland it has been able to reduce 240% the first quarter of the year the debt ratio reached 300% at the end of 2016.
Highlands recently and sale of catering businesses in Highlands Park also reviewed positively. The investment community is looking to be able to secure one trillion won of assets through the sale Highlands Park catering business.
Highlands and private equity fund MBK Partners is pursuing the Highlands restaurant business due diligence and buyouts (management rights acquisition) deal to grant exclusive rights to negotiate the price of a major franchise.
Operating in Highlands Park Highlands based catering franchises Ashley and natural byeolgok, investigation, Pizza mall, sales last year, Highlands Park Cafe 18 pieces, including sales of 805.5 billion, double catering sector amounted to 700 billion.
MBK Partners has also conducted research for demand forecasting, modern house for sale. Modern House is currently operating 54 stores across the country as one nation's first lifestyle brand departure opens the first store in Tangshan in 1996.
Modern House this year celebrated its inauguration 21 years and has achieved average annual growth of more than 10% last year, net sales are regarded as within the business, such as group surpassed 300 billion won.
Eland has also been proposed sale of the rights of the brands being deployed in China and abroad EnC from companies and private equity funds. It was affiliated women's fashion brand EnC dot-com companies netisyeon while the Eland Eland World Fashion affiliates have acquired com netisyeon 2006 was incorporated into the Highlands Series brand. Current Eland World holds the rights to the EnC Korea and China.
When peeling the catering business E-Land Group is held to reorganize the whole business of fashion retail and E-Land Retail ahead of the listed flagship. E-Land Group is planning to place it under the restructuring and E-Land Retail Park Eland, Eland Eland World Fashion division, leaving the future holding company.
Governance of Highlands leads from related parties such as President Park Seongsu Eland World, E-Land Retail, Highlands Park. Eland apex of governance has a special relationship, including the night the president and his wife, Mrs. Gwak Sukjae shares they held is 99.57%. They may hold a 64.5% stake in the parent company Eland Eland World Retail is a form of Highlands Park is the share of 85.3%, Eland World holds a stake of 14.66%.
Eland said, "Recently the Highlands content is true that sending the love call after another, including global corporations, private equity," said "recently surfaced is maegakseol a modern house that also advances the initial stage currently sold it," he said. Tini Wini debt through the sale of Eland lowered to 240% is the goal to lower the 240 percent debt ratio continued to decrease this year as a petite more than 200%.
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