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Tag: Teenie Weenie

Retail Asia31/01/2017
teenie-1024x603.jpg
Fashion

Teenie Weenie deal is a big one

4min
The deal with V-Grass represents the biggest cross-border merger and acquisition agreement in Korea’s fashion industry. E-Land Group said proceeds from the sale will help the company reduce its debt level to 240 percent by the first quarter from the current level, which is above 300 percent. The final price is lower than the previously […]
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Retail Asia03/01/2017
teenie-1024x603.jpg
General

E-Land refutes credit downgrade

4min
E-Land Group, headed by Chairman Park Sung-su, is fiercely refuting the Korea Investors Service’s latest credit downgrade of its holding firm, E-Land World, vowing to file a lawsuit against the ratings agency affiliated with the U.S.-based Moody’s. Officials at the mid-tier fashion-and-retail business group argued that the ratings agency’s assessment was flawed, calling on the […]
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Retail Asia08/09/2016
teenie-1024x603.jpg
Fashion

E-Land Group sells clothing brand to China

2min0
To raise funds to cut debt, South Korean apparel retailer E-Land Group is selling a youth clothing brand to China’s V-Grass Fashion Co for nearly US$900 million. South Korea’s largest apparel retailer, E-Land Group says it expects to close the sale of its Teenie Weenie business for around 1 trillion won by year-end. It says […]
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