British High-End Shoe Brand Zhou Yang Jie Sells For More Than 500 Million Pounds
list Not luxury brands face the world market The only way to expand is the Jimmy Choo, which was listed in Hong Kong in the past, and chose to sell directly.
Labelux, a luxury brand company in Germany, said on the 22 day it agreed to acquire high-end footwear in the UK.
brand
Zhou Yangjie (Jimmy Choo).
The financial details involved in the deal are not yet clear.
The Bloomberg News Agency quoted sources as saying that Labelux paid more than 500 million pounds (800 million US dollars) to Towerbrook, the global investment management agency, which is equivalent to 3 times the price paid by the latter when it bought Zhou Yangjie brand.
This is the latest acquisition of luxury brands after the 2008 financial crisis.
In March, luxury goods giant Louis Weedon France launched its largest acquisition in history, contributing 4 billion 300 million euros ($6 billion) to Italy's top jewellery and watch maker Bvlgari group.
Zhou Yangjie brand was founded in 1996 by Malaysia born designer Zhou Yangjie and Tamara Mellon, the former editor of fashion magazine.
Zhou Yangjie used to make shoes for fashion leaders such as the late British Princess Diana.
Candace Bushnell, the American TV series "sex and the city", is an early fan of the Zhou Yangjie brand.
In 2010, the Zhou Yangjie brand achieved net sales of 150 million pounds (US $240 million).
In 2001, when Zhou Yangjie brand fell into private placement for the first time, Zhou Yangjie sold all his shares.
In 2007, Towerbrook bought a 83% stake in Zhou Yangjie brand at 180 million pounds (290 million US dollars), while Mellon retained 17% of its shares.
Labelux, another leading player in the latest acquisition, has a Swiss high-end shoe brand Bally.
Labelux intends to expand the share of the Zhou Yangjie brand in the Chinese market and its market share in men's shoes and handbags.
Bain investment company predicted this month that global luxury sales will grow to 185 billion euros (259 billion 400 million dollars) in 2011, an increase of 8% over the same period, of which 25% is expected to be contributed by the Chinese market.
According to Labelux, the market value of the global luxury market in 2010 is about 168 billion euros (about 235 billion 900 million US dollars), and it is expected to reach 201 billion euros (282 billion 200 million US dollars) in 2013, among which ladies' shoes and leather goods will grow fastest.
- Related reading
Crocs Reiterated That It Did Not Authorize Any Online Group Buying &Nbsp; The Happy Group Was Challenged Again.
|559 Yuan Brand Shoes "Three Bags" Hard To Cash &Nbsp; So Credit Is Very Helpless.
|Shandong Quality Supervision Bureau Carried Out Spot Checks &Nbsp; The Pass Rate Reached 80%.
|The Authenticity Of The Policy Of "One Price" In Shoes And Clothing Market Raises Suspicion.
|
- Collocation | Knitted Sweater With Pencil Jeans, Fashion Dress Up, Provoking Love.
- Collocation | The Latest Winter Guide To Save Your Pear Shape
- Fashion frontier | 毛呢格子外套混搭出甜美風 2013冬季服裝搭配
- Star wardrobe | Older Women Wear Pengpeng Skirts To Reduce Their Age.
- Fashion blog | Fashion Dots Dot Street Street, Photo Gallery And Photo Gallery.
- Popular this season | Fur Coat To Play The Fashion European And American Fans
- DIY life | The Round Collar Coat Is Beautiful And The Atmosphere Is Sporadic.
- Popular this season | Smart Matching Of Coats To Create Attractive Urban Women
- Star wardrobe | The Fashion Of Knitting Series Adds Color To Your Wardrobe In Winter.
- Street shooting popular | Coat And Boots Change Gorgeous
- Cotton Downlink Probability Increases Investors Need Caution
- Guangzhou Clothing Enterprises "Stop" A Large Area, One Yuan Clothing Is Now On The Street.
- ELLE And Other Brands Of Small Clothing Nearly 30% Spot Checks Failed.
- Fashion Fast Food Doesn'T Taste Good, &Nbsp; ZARA Seven, The Blacklist Just Apologizes.
- Missoni 2011 Autumn Winter Women'S Wear Show
- Clothing Export Enterprises Should Strictly Guard Against Excessive Dye Content.
- Lining Three High Management Quit &Nbsp; Personnel Shock Or Related To Business Adjustment.
- Former Clothing Retail Giant ITAT6 Released A Restructuring Plan At The End Of The Month
- Dongguan'S First Clothing Machinery Technology Training Institution Was Founded In Humen.
- European And American Celebrities Demonstrate Chiffon Prints