×
201
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
By
Reuters
Published
Mar 23, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Voegele shares jump on break-up hopes, board moves

By
Reuters
Published
Mar 23, 2009

ZURICH (Reuters) - Shares in Swiss clothing retailer Voegele (VCH.S) jumped on Monday after the company's chairman and vice chairman said they were stepping down under pressure from shareholders, stirring break-up talk.



Voegele Spring 2009

Voegele, which operates 851 stores across Europe, said Bernd Bothe and Felix Ehrat would not stand for re-election as chairman and vice-chairman at the annual general meeting on April 1 and two other board members would also not stand again.

The decision comes after a shareholder group that includes Laxey Partners, Cheyne Capital Management, Sterling Strategic Value and other major shareholders said they would not support the re-election of Bothe and Ehrat.

"These decisions will save the company unnecessary arguments. Group management and the remaining members of the board will then be able to concentrate on the company's future," Voegele said in a statement.

The group's shares, which lost 70 percent of their value last year, were up 10 percent at 32 Swiss francs at 1029 GMT, having earlier touched 33.20 francs.

Kepler Capital Markets analyst Jon Cox noted that the Swiss press has reported that the shareholder group might want to break up Voegele, disposing of units in Germany and the Benelux, and selling the rest to Swiss retail cooperative Migros.

Voegele, which has been struggling in the economic downturn, reported 2008 net sales of 1.369 billion Swiss francs ($1.22 billion).

($1=1.119 Swiss Franc)

(Reporting by Emma Thomasson; editing by Simon Jessop)

© Thomson Reuters 2022 All rights reserved.