RESHORING CASE

FNG

Company details
Company name: 
FNG group
Company country: 
Belgium
Sector: 
G - Wholesale and retail trade; repair of motor vehicles and motorcycles
Sector detail: 
G47 - Retail trade, except of motor vehicles and motorcycles
Sub-sectors: 
G47.71 - Retail sale of clothing in specialised stores
Reshoring details
Reshoring announcement date: 
23/05/2018
Reshored to: 
Belgium
Location of affected unit(s): 
Mechelen
Location code: 
BE212
Reshored business function: 
Administration
Reshored services/activities: 
Head office
Reshoring governance mode: 
In house (in own facilities)
Case narrative: 

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: 

Fashion Network 15/03/2018

De Telegraaf 23/05/2018 

Sources link: 

http://us.fashionnetwork.com/news/FNG-Group-considers-move-to-Belgium-ad...

https://www.telegraaf.nl/financieel/2070684/hoofdkantoor-fng-naar-belgie

Offshoring details
Offshoring location: 
Netherlands
Offshoring governance mode: 
In house (in own facilities)
Host country geographical area: 
Western Europe