297
Fashion Jobs
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
L'OREAL GROUP
Retail And Education Manager
Permanent · HONG KONG
TORY BURCH
Senior Manager, Retail Training, Asia
Permanent · HONG KONG
Translated by
Nicola Mira
Published
Dec 23, 2020
Download
Download the article
Print
Text size

Pontegadea increases UK subsidiary's share capital by over €50 million

Translated by
Nicola Mira
Published
Dec 23, 2020

The investment company owned by Inditex’s founder Amancio Ortega has boosted its Pontegadea UK subsidiary with a share capital increase worth €51.1 million. The goal is to prepare the company to carry out further new investment.


Pontegadea is the investment company owned by Inditex founder Amancio Ortega - EFE


Pontegadea UK has issued 46.8 million new shares, each with a nominal value of GBP1, as indicated by the UK’s Companies House, and as reported on Tuesday by Spanish business daily Cinco Días.

Pontegadea's UK business is worth approximately €3 billion, accounting for a highly significant portion of the company’s global business. The UK subsidiary’s latest share capital increase is not the only operation of this kind carried out by Pontegadea in recent months. In October, the company capitalised an internal loan for a value of €101 million.

In March, following the purchase of the Post Building in London for €700 million, Pontegadea UK’s share capital was increased by €108 million. In December 2019, two similar operations were also carried out, resulting in share capital increases of €108 million and €113 million respectively, according to Cinco Días.

Overall, based on its 2019 financial statement, Pontegadea has a portfolio worth €15.2 billion in assets around the world. In July, Pontegadea underwent an internal restructuring, as a result of which - and also to minimise the risks arising from Brexit - Pontegadea UK transferred its assets to a new Spanish company, Pontegadea GB 2020, even though some of its property assets still belong to third parties.

Copyright © 2024 FashionNetwork.com All rights reserved.

Tags :
Business