Palmers to be Sold

Businessn.a. ♦ Published: October 25, 2011; 09:42 ♦ (Vindobona)

The owner of the Austrian clothing company are looking for potential buyers. The French subsidiary Lejaby however, is not for sale.

Palmers to be Sold / Picture: © Palmers

The majority owners of Palmers, the investment funds Quadriga (55%), 21 CP (22%) and Lead Equities (18%) decided to sell their stakes in Palmers. The French investment bank BNP Paribas has been mandated to look for a new owner. Potential buyers could be industry players, such as Intimissimi or Victoria´s Secret.

What is not for sale is the French subsidiary Lejaby. The…