Fosun Acquired German Fashion Brand TOM TAILOR23% Equity

"P" followed by the famous Greek a href= "http:// www.sjfzxm.com/news/index_c.asp" > fashion brand /a /a Folli Follie, the famous American high-end women's brand St. John and Italy high-end customized menswear brand Caruso, Fosun has recently completed its fourth investment in overseas fashion. And the transaction is also the seventh single entry of Fosun this year. < /p >
< p > July 30th, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Fosun < /a > International issued a voluntary announcement on the stock exchange of Hongkong, claiming that Affiliated Companies Fidelidade, which indirectly owns 80% of the shares, and Affiliated Companies FCM Beteiligungs GmbH directly holding 51% of the shares, respectively acquired 15.51% of the German fashion life brand and 7.65% of the shares, and the seller was the main shareholder of the company. < /p >
< p > reporters learned that the acquisition would be implemented soon, but neither side disclosed the purchase price. < /p >
After the completion of < p > a href= "http:// www.sjfzxm.com/news/index_c.asp" > acquisition < /a >, Fosun will hold about 23.16% of TOM TAILOR through Fidelidade and its joint venture, but this part of the shares is still under the lockup agreement and will not be transferred until August 8, 2015. The TOM TAILOR holding company's public shareholding will remain unchanged, totaling 76.84%. < /p >
< p > it is worth noting that the acquisition is also the second largest single insurance company Fidelidade released by Portugal after its acquisition by Fosun, which has further consolidated the "Buffett mode" with low-cost insurance funds as its core. At the beginning of this year, Fosun competed for Fidelidade80%'s stake. After the completion of its delivery in May 15th, it bought its state-owned shares of Portuguese Power Grid Corp Redes Energ ticas Nacionais (REN) 3.9% at the end of 6, with a total investment of about 56 million 800 thousand euros. < /p >
< p > TOM TAILOR group is an international fashion life Brand Company, mainly through its brand TOM TAILOR and BONITA to provide medium priced personalized casual wear and accessories. < /p >
< p > 2013, the sales volume of TOM TAILOR group was 907 million 200 thousand euros, of which 350 million 700 thousand euros came from BONITA. The group has 1364 stores in the retail market, of which 1010 are BONITA and BONITA menswear stores, and 354 are TOM TAILOR stores. The TOM TAILOR brand is also sold through retail partners. By the end of 2013, there were 197 franchised stores, 2269 outlets and 7500 multi brand outlets. < /p >
Dieter Holzer, CEO of P TOM TAILOR holding company, is obviously satisfied with the joining of Fosun. He said that Fosun is a very trustworthy investor, focusing on China's growth momentum and value investment. "We believe that the joining of Fosun is a recognition of TOM TAILOR group, recognition of the quality of our brand, and recognition of our strategy of continuously promoting profit growth." < /p >
Wang Qunbin, President of Fosun, said that the investment shows the trust and recognition of TOM TAILOR management for Fosun, and is another practice of Fosun's "China dynamic grafted global resources" investment strategy, which can meet all the value of Fosun's value investment with P's potential growth potential. "In the future, Fosun will make use of its resources and competitive advantages to help TOM TAILOR understand more Chinese consumers and help them increase their growth in the Chinese market." Wang Qunbin said. < /p >