Folli Follie Archives - Inside Retail Asia
Time’s up for Folli Follie: Greek jeweller to quit Hong Kong
Luxury jeweller and watch retailer Folli Follie has become the latest victim of Hong Kong’s perishing retail scene.
Fosun International eyes stake in Germany’s Metro
Chinese international conglomerate and investment firm Fosun International is negotiating a US$500 million holding in German wholesaler Metro.
Chinese bidders lining up for Bally International
Chinese apparel manufacturer Fujian Septwolves Industry and conglomerate Fosun International are among bidders for the €600 million (US$717 million) Swiss luxury leather goods company Bally International. Non-binding offers coming in this week also included Japanese trading firm Itochu Corp. Bally parent JAB Holding, owned by the billionaire Reimann family, said in April it was reviewing options for the Swiss company to focus on its F&B business, which has acquired Keurig Green Mountain …
Chinese bidders lining up for Bally International
Fujian Septwolves Industry and Fosun International are among bidders for Bally International.
Florentia Village brings luxury deals to KC mall
Florentia Village, a Chinese outlet centre for Italian luxury brands, has opened in Hong Kong.
Fosun International acquiring French brand
Chinese fashion retailer Fosun International will reportedly acquire French apparel brand IRO.
Guo boosts Intime Retail stake through Fosun International
Chinese investor Guo Guangchang has boosted his stake in listed Hong Kong department store operator Intime Retail, fuelling speculation he may be planning a takeover bid.
Hong Kong retail rent slump will last until 2017
The current Hong Kong retail rent slump will continue “until at least 2017,” real estate services company CBRE says in a new report.
Fosun takes strategic stake in Koradior
Shanghai billionaire Guo Guangchang’s Fosun International investment company has bought a $30 million stake in Hong Kong-listed women’s apparel retailer Koradior Holdings.
Fosun adds Caruso
Chinese conglomerate Fosun Group has added the Italian luxury menswear brand Caruso to its portfolio. Fosun Group has acquired a 35 per cent stake in Caruso for an undisclosed amount. Caruso is Fosun’s first investment in the luxury sector in Europe. “Fosun will leverage its own competitve advantages to help Caruso expanding in the China market as well as bringing this precious made in Italy brand to the Chinese consumers,” said Fosun Group founder and chairman Guo Guangchang. According…