Garant shareholders give green light to Salamander s - leatherbiz: Lea Leatherbiz

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Garant shareholders give green light to Salamander shoe business acquisition

11/04/2003

Germany’s Garant Schuh + Mode has announced that it won the backing of 97% of its shareholders for the takeover of shoe division of fellow German company, Salamander.  The green light was given at the company's Annual General Meeting, held earlier this week.

 

Subsequent to the vote, the management board announced that it will set up a new subsidiary to incorporate the division, Euro Shoes & Fashion.  Financial details of the agreement were not disclosed.

 



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