CJ "No Sale of Tous Les Jours"... Negotiations with Carlyle Fail
[Asia Economy Reporter Lim Hye-seon] CJ Group's sale negotiations with private equity firm Carlyle over the bakery franchise Tous Les Jours have fallen through.
According to the IB industry on the 10th, CJ Group and Carlyle recently ended negotiations without narrowing differences over the sale price and other conditions.
CJ had been negotiating the sale with Carlyle since November last year. Carlyle reportedly offered an amount in the high 200 billion KRW range.
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A food industry official explained, "CJ Group will focus on enhancing the brand value of Tous Les Jours for the time being."
This content was produced with the assistance of AI translation services.
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