FNG

Type
Reshoring
Country
Belgium
Reshoring from
Netherlands
Reshored business function
Administration
Region
Vlaams Gewest; Prov. Antwerpen; Arr. Mechelen
Location of affected unit(s)
Mechelen
Sector
Wholesale / Retail
47 - Retail trade
47.7 - Retail sale of other goods, except motor vehicles and motorcycles
47.71 - Retail sale of clothing
No information on job gains number available
Announcement Date
23 May 2018
Employment effect (start)
Foreseen end date

Description

The Belgian clothing company FNG will move its head office from Zoetermeer (Netherlands) to Mechelen (Belgium). The relocation was approved by the company's shareholders since the majority of them lives in Belgium. However, FNG will remain listed on the Amsterdam stock exchange, but it might be also listed on the Brussels stock exchange in the near future.

Sources

Citation

Eurofound (2018), FNG, Reshoring in Belgium, factsheet number 70, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70.