Charles Voegele subject of repeated takeover speculation
Charles Voegele (CV), the listed Swiss fashion retail group, is the subject of repeated takeover speculation, Finanz und Wirtschaft reported.
In a wide ranging interview, the Swiss bi-weekly noted that CV has drawn repeated takeover speculation, and asked CV CEO and CFO Marcus Voegeli if a buyer has come forward. Voegeli stated simply that he is concentrating on turning the company around and did not reveal whether a buyer has expressed interest.
Voegeli stated the market is big enough for a CV to operate as well as C&A, but declined to put a date on when CV would return to profits. Voegeli also declined to give a prognosis for 2015.
Source Finanz und Wirtschaft