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F&F Holdings Increases Stake in Subsidiary F&F to 33.43%

Business / Kim Jisun / 07/24/2024 12:18 AM

(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] On the 23rd, according to the Financial Supervisory Service, F&F Holdings purchased 28,000 common shares of its subsidiary, F&F, between the 17th and 19th.

With this purchase, F&F Holdings now holds 12,803,840 shares of F&F, increasing its stake from 33.36% to 33.43%, thereby strengthening its control over the company.

In other news, F&F is facing a significant lawsuit from its UK partner, MOVIN SARL. On the 18th, F&F announced that MOVIN SARL, involved in the production and sale of apparel under the premium sports brand 'Sergio Tacchini' through a licensing agreement, has filed a lawsuit against F&F and its subsidiaries, Sergio Tacchini Operations (STO) and Sergio Tacchini Europe (STE), seeking damages of approximately 370 billion KRW in the UK.

 

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)

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