150 million cash injection for Scott Sports
According to several South Korean media reports, Scott Sports is receiving a substantial financial injection of around 150 million Swiss francs from majority owner Youngone. Youngone owns more than 50 percent of Scott Sports and is lending the money at an interest rate of 4.6 percent, according to The Korean Economic Daily.
Youngone cooperates with brands such as The North Face and Patagonia. 100 million of the loan to Scott Sports has already been transferred, with the remaining 50 million to follow this year.
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