×
75 391
Fashion Jobs
GAP
General Manager - Chicago Premium
Permanent · Aurora
MACY'S
Asset Protection Security Guard, Mall at Prince Georges - Standard Part Time
Permanent · Hyattsville
MACY'S
Asset Protection Detective, Fayette Mall - Full Time
Permanent · Lexington
MACY'S
Asset Protection Detective, Wheaton Plaza - Standard Part Time
Permanent · Wheaton-Glenmont
MACY'S
Asset Protection Detective, Streets of South Point - Standard Part Time
Permanent · Durham
MACY'S
Asset Protection Detective, Queens Center - Full Time
Permanent · New York
MACY'S
Manager, Merchandise Execution
Permanent · Manassas
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
ROSS STORES
Finance Manager (Logistics)
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Land O' Lakes
ROSS STORES
Senior Manager, HR Program Delivery
Permanent · Dublin
ROSS STORES
Director, Loss Prevention Regional (Lprd)
Permanent · Palm Beach Gardens
ROSS STORES
Store Protection Specialist
Permanent · Audubon
ASCENA
Part Time Sales Manager
Permanent · Portage
MICHAEL KORS
Part Time Sales Supervisor
Permanent · Elmhurst
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Cary
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Dallas
KOHLS
Full-Time Loss Prevention Officer
Permanent · Fontana
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Tomball
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Chesapeake
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Linden
KOHLS
Full-Time Loss Prevention Officer
Permanent · Salinas
By
AFP
Translated by
Nicola Mira
Published
Jun 21, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fabergé: Gemfields opts to accept Fosun's bid

By
AFP
Translated by
Nicola Mira
Published
Jun 21, 2017

British mining corporation Gemfields, owner of renowned jewellery brand Fabergé, has recommended on Tuesday that its shareholders accept the acquisition bid put forward by Chinese group Fosun, for GBP256 million (€290 million).


The gem specialist would be able to expand its business in China - Gemfields


Fosun's bid was formalised on Tuesday, and it is in direct competition with that made by Gemfield's majority shareholder, South African investment company Pallinghurst Resources.

"Taking into account the challenges that Pallinghurst's unsolicited offer poses to the company's independence (...), the committee of independent board members is willing to recommend that shareholders accept Fosun's bid, in order to ensure a more interesting return on their investment," stated Gemfields in a press release.
The mining corporation does emphasise however that Fosun's bid "is not fair nor reasonable," but has the crucial advantage of being higher than Pallinghurst's: Fosun has in fact offered 45 cents for each Gemfield share, 18.2% more than Pallinghurst.

Gemfields is specialised in rare gems, and since the end of 2012 it is renowned as the owner of jeweller Fabergé, whose name is still associated with the famous eggs it once created for Russia's tsars.

Fosun expressed its intention of backing the expansion of Gemfields, turning it into a leading player in the rare gems industry, notably the production of emeralds and rubies, by strengthening the brand's presence in China, where demand for gems is booming.

Fosun was founded in 1992 in Shanghai, and it is a diversified group active in the healthcare and leisure industries, notably as the owner of the Club Med resort group in France.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.