FNG itself is now also under suspicion. The fashion group, which currently only owns
Ellos, is trying to restart the business, but it is highly uncertain whether they will succeed.
Pulled along
It is no coincidence that FNG announced an unusual general meeting last week: CEO Paul Lembrechts and former chairman of the board Roald Borré have a recovery plan for the fashion group, which will completely clear up the past. The company's structure and articles of association are being amended so that the power of the suspected three founders - still the largest shareholders - is curtailed. There should also be a completely new board of directors around CEO Lembrechts. If all shareholders agree, of course.