tods bagsandChinese companies 80 million euros as

taken Chinese companies for the 1st time the pace of acquisitions of alien luxury goods companies. May 19, Fosun announced in Shanghai, spent € 84,588,000, the acquisition of Greek fashion Folli Follie Group Group 9.5% of the shares, making the group one of the largest strategic investor.

Fosun spent almost billion accounted for 9.5% stake

Under the agreement, Fosun Group will be the amount of 13.30 euros per share, directed the acquisition of entire published Folli Follie 6,360,000 fashionable mediocre shares The total buy cost of around € 84,588,000. After achievement of this acquisition, attach with its affiliates Fosun will have Folli Follie Group reduced 9.5% peg, making Folli Follie Group, one of the largest strategic investor, Folli Follie Group, the largest shareholder of the family is still Koutsolioutsos , 37% stake.

Renaissance Group chairman Guo Guangchang said: Fuxing China will play its own advantages, to aid quick docking Folli Follie China domestic market, capital market, the speed in the shop, brand upkeep and improvement,buy tods shoes online, the expansion of a kind of formats in China, high-end customers apt hasten development and additional appearances of Folli Follie evolution. space, mainstream mark affair involves more than the shape industry necklace,tods bags, including product devise, making, wholesale, retail and other sectors. In 2010, the company's turnover of approximately 989 million euros, web profit of nigh 85 million euros.

Folli Follie Group Chairman Dimitris Koutsolioutsos presentation, the corporation has entered the Greater China for 10 annuals,tods shoe sale, is now sold in China, more than 100 stores. FF China has become one momentous chapter of global strategy. FF could be beyond enhanced in China's mercantile delivery, Fosun can likewise use FF in the tourism, retail and other aspects of the accumulation of diversified experience in painting and a smooth entry into the European market. Currently, the 27 cities in China, has more than 100 stores.

acquisition ought be cut into the luxury market is a shortcut

Although Fosun Group did no proclaim this to enter the luxury goods industry, yet from last year's buyout CLUB MED to today's Folli Follie,tods shoes men, Fosun clearly for luxury brands to show a keen amuse.

the rapid growth of China's luxury market,tods d bag, the acquisition of domestic companies to become the world's high-end buyer brand equity foundation. McKinsey recently loosened a research report that China's luxury merchandise market in the rapid growth of the absolute market and consumers more logical double alteration. The report predicts that at 2015 China will transform the world's largest consumer of luxury goods, accounting as more than 20% of the universal luxury merchandise market.

not doubt cut into the luxury market, the fastest shortcut is to purchase. In the last month by the Yu-ship table Chairman and CEO Jean-Claude Biver was cautioned that the Japanese have bought a lot of Swiss brands, but all failed for they sent the Japanese group in the elapse actions. Guo Guangchang clearly aware of the problem, he chose the equity investment, and said,

Sun Yilei (Source: Yangcheng Evening News)
(Editor: UN009) microblogging Recommended
Folli Follie Fosun procurement of equity, equity investment into Chinese companies cut into the luxury market favored

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