Paris – 22 May 2014 –EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs, today congratulated Kindy Group, a leading French manufacturer of socks and high-end footwear for children, on the 20th anniversary of its listing on Euronext markets in Paris. Kindy is listed on Alternext Paris.
Founded in 1863, Kindy is France’s leading sock manufacturer, distributing its products in France and abroad through channels ranging from supermarkets and hypermarkets to selective retail outlets, health and beauty stores, and own e-commerce sites. Group business is built around two product families—socks and high-end footwear for children—sold under brands and licenses that include Kindy, Achile, Daniel Hechter, Catimini and IKKS.
Kindy Group is also celebrating the success of its recent rights issue and transfer to Alternext on May 20.
To celebrate its 20 years on the market, Thierry Rousseau, chairman of Kindy Group's Management Board rang the bell marking the close of trading on Euronext markets. He was joined by EnterNext teams for the occasion.
“We were delighted at Euronext's invitation to take part in this unique ceremony and tradition,”said Thierry Rousseau, Chairman of Kindy Group's Executive Board. “It gave us an opportunity to thank our shareholders, old and new, once again for their trust. Following the enthusiastic response to our rights issue last February—our first in 20 years on the market—we now have the resources we need to step up our development and return to profitable growth in 2014-2015. Kindy’s move to a market more in keeping with our size also reflects that focus,” he added.
Eric Forest, Chairman and CEO of EnterNext, said “We want to congratulate Kindy Group on its listing and development on the stock market. The group’s recent transfer to Alternext illustrates the range of solutions we offer to accompany listed companies.”
Small and medium-sized enterprises