×
144
Fashion Jobs
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
By
AFP
Translated by
Nicola Mira
Published
Jun 21, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fabergé: Gemfields opts to accept Fosun's bid

By
AFP
Translated by
Nicola Mira
Published
Jun 21, 2017

British mining corporation Gemfields, owner of renowned jewellery brand Fabergé, has recommended on Tuesday that its shareholders accept the acquisition bid put forward by Chinese group Fosun, for GBP256 million (€290 million).


The gem specialist would be able to expand its business in China - Gemfields


Fosun's bid was formalised on Tuesday, and it is in direct competition with that made by Gemfield's majority shareholder, South African investment company Pallinghurst Resources.

"Taking into account the challenges that Pallinghurst's unsolicited offer poses to the company's independence (...), the committee of independent board members is willing to recommend that shareholders accept Fosun's bid, in order to ensure a more interesting return on their investment," stated Gemfields in a press release.
The mining corporation does emphasise however that Fosun's bid "is not fair nor reasonable," but has the crucial advantage of being higher than Pallinghurst's: Fosun has in fact offered 45 cents for each Gemfield share, 18.2% more than Pallinghurst.

Gemfields is specialised in rare gems, and since the end of 2012 it is renowned as the owner of jeweller Fabergé, whose name is still associated with the famous eggs it once created for Russia's tsars.

Fosun expressed its intention of backing the expansion of Gemfields, turning it into a leading player in the rare gems industry, notably the production of emeralds and rubies, by strengthening the brand's presence in China, where demand for gems is booming.

Fosun was founded in 1992 in Shanghai, and it is a diversified group active in the healthcare and leisure industries, notably as the owner of the Club Med resort group in France.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.