The new shares – almost three million in number – were bought almost entirely by the two main shareholders, whose stakes are now increasing, it was announced on Wednesday.
In earlier reports, Wolford put the subscription price at six euros per share. Wolford is 58 percent owned by Fosun Fashion Group Wisdom from China and 28.27 percent by German investor and dot-com millionaire Ralph Bartel. 11.73 percent are in free float, around two percent are owned by the company. Wolford has been struggling with less demand for years and is shedding staff.
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