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The deal with V-Grass represents the biggest cross-border merger and acquisition agreement in Korea’s fashion industry. E-Land Group said proceeds from the sale will help the company reduce its debt level to 240 percent by the first quarter from the current…
E-Land Group, headed by Chairman Park Sung-su, is fiercely refuting the Korea Investors Service’s latest credit downgrade of its holding firm, E-Land World, vowing to file a lawsuit against the ratings agency affiliated with the U.S.-based Moody’s. Officials…
To raise funds to cut debt, South Korean apparel retailer E-Land Group is selling a youth clothing brand to China’s V-Grass Fashion Co for nearly US$900 million. South Korea’s largest apparel retailer, E-Land Group says it expects to close the sale of its…
