LONDON - The fate of Britain's two state-controlled banks will become clearer on Wednesday, when Chancellor George Osborne is likely to start the clock ticking for the sale of the government's stakes.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Lacoste acquired by Switzerland's Maus Freres
GENEVA (Reuters) - Lacoste SA, the French classic fashion brand that bears the crocodile symbol, has been acquired fully by the Swiss family-held group Maus Freres, the buyer said on Thursday.
The deal -- which follows a Lacoste family feud over management -- valued the French sportswear maker at 1.0 billion euros, Maus Freres said in a statement issued in Geneva.
"All Lacoste family shareholders have decided to sell the totality of their shares to Maus Freres, which already held 35 percent of Lacoste capital via its subsidiary Devanlay," it said regarding the brand founded by tennis man Rene Lacoste.
(Reporting by Stephanie Nebehay)
- Tweet this
- Share this
- Digg this