Tom Tailor, German fashion retailer has said that Hong Kong listed conglomerate Fosun International could acquire more shares in the coming months, depending on the share price, after buying a 23 per cent stake. In a regulatory filing it said that Fosun considers its shareholding to (be) a mid- to long-term investment that does not serve for the realization of trading profits. A consortium controlled by Fosun agreed to buy the 23.16 per cent stake in the retailer at the end of July. The investor aims for an appropriate presence on the supervisory board, it also added that Fosun did not wish to change the structure of the management board.
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