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CFDT union backs terms of Kering SA's sale of La Redoute-Reuters

Sunday, 23 Mar 2014 08:00pm EDT 

Kering SA:CFDT trade union to back restructuring plan put forward by La Redoute, a move that may allow buyout from owner Kering to go ahead-Reuters.Kering had said rejection of deal and its accompanying severance packages for some employees, already signed by the CFE-CGC union, would prevent completion of the proposed sale to La Redoute's chief executive Nathalie Balla and Eric Courteille for 1 euro. 

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0.35 +0.19%
27 Feb 2015