Fenix Outdoor International, the company that owns three leading European outdoor retailers along with Fjällräven and several other outdoor brands, has agreed to take a stake of 75 percent in Alpen International, its distributor in South Korea. Fenix says the takeover will be made through a share issue, which is meant to take place during the second quarter of this year. The transaction should not have a material impact on its results, but Fenix adds that it's important given the scope of the South Korean market – one of the largest despite its sizeable contraction in the last two years.

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