86
Fashion Jobs
SHISEIDO
K-Key Account Lead
Permanent · HO CHI MINH CITY
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
By
Reuters
Published
May 14, 2009
Download
Download the article
Print
Text size

Arcandor eyes up to 700 mln eur state aid-sources

By
Reuters
Published
May 14, 2009

FRANKFURT, May 14 - Debt-laden tourism and retail group Arcandor (AROG.DE) is set to ask the German government for up to 700 million euros ($948.9 million) in loan guarantees, financial sources close to the matter told Reuters on Thursday 14 May.



Arcandor is eyeing loan guarantees of between 500 million euros and 700 million euros, the sources said.

The company declined to comment. Arcandor said earlier this week its banks would apply soon for state loan guarantees.

Arcandor's supervisory board will get together for an extraordinary meeting on Sunday to discuss financing issues and the implementation of the latest restructuring programme, other sources have told Reuters.

New Arcandor Chief Executive Karl-Gerhard Eick called for a further 900 million euros in April to fund a five-year turnaround plan that will see it move downmarket and hive off loss-making businesses.

The group, which holds 53 percent in Europe's second-largest tourism company Thomas Cook (TCG.L), has credit lines of up to 710 million euros coming up for renegotiation by mid-June.

Its net debt stood at 1.4 billion euros at the end of last year.

Arcandor shares closed down 0.5 percent at 1.93 euros, while Germany's mid-cap index .MDAXI ended up 1.8 percent. (Reporting by Philipp Halstrick and Eva Kuehnen; Editing by Richard Chang)

© Thomson Reuters 2024 All rights reserved.