Folli Follie Archives - Inside Retail Asia
Luxury jeweller and watch retailer Folli Follie has become the latest victim of Hong Kong’s perishing retail scene.
Chinese international conglomerate and investment firm Fosun International is negotiating a US$500 million holding in German wholesaler Metro.
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 …
Fujian Septwolves Industry and Fosun International are among bidders for Bally International.
Chinese fashion retailer Fosun International will reportedly acquire French apparel brand IRO.
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.
The current Hong Kong retail rent slump will continue “until at least 2017,” real estate services company CBRE says in a new report.
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.
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…