71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
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G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
PANDORA
Sales Assistant Pavillion
Permanent · WESTVILLE
By
Reuters
Published
Nov 8, 2009
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Mariella says banks should decide by Nov 16

By
Reuters
Published
Nov 8, 2009

MILAN, Nov 9 (Reuters) - Creditor banks of debt-laden Mariella Burani Fashion Group (MBFG.MI) have to decide whether to approve a debt restructuring plan by Nov. 16, the luxury good maker's chief executive said in a newspaper interview.


Mariella Burani 2009

If they clear the restructuring, a final accord could be signed around Dec. 10, paving the way for a 100 million-euro ($149 million) capital hike to bail out the group, Gabriele Fontanesi told Il Sole 24 Ore on Sunday 8 November.

"Only if the decision is positive could we delay the shareholder meeting by 30 days and have time to reach a final agreement with creditors," he was quoted as saying.

Mariella Burani, whose shares have been indefinitely suspended from trading, had net debt of 479.9 million euros at the end of September.

Fontanesi said the board will look for a white knight if banks reject the plan and the Burani family which controls 71 percent of the group rejects the recapitalisation.

"There are several expressions of interest from companies and funds but nothing more at the moment," he told the newspaper.

Last week, the company said it has had contacts with South Korean group E.Land and other potential investors though no proposal had yet been made.

In a statement in October Mariella Burani said it may consider insolvency proceedings if the propose deal with banks and the recapitalisation fail. ($1=.6722 euros) (Reporting by Danilo Masoni; Editing by Greg Mahlich)

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