New owner for Bikkembergs | RetailDetail

New owner for Bikkembergs

New owner for Bikkembergs

Chinese Canudilo has acquired 51 % of the Belgian fashion brand created by designer Dirk Bikkembergs and has instantly announced its ambitious plans for the brand.

Asian expansion

The brand will open a new large store in Macau next year, followed by another five large Chinese cities. Its new owner wants an Asian focus at first, but it will also add new stores in the United States as Bikkembergs currently only has a web shop over there. Canudilo wants to invest some 60 million euro into the expansion.

 

The company paid the Italian shareholders Zeis Excelsa and SNV 40.7 million euro for 51 % of the shares, while the Italians hold onto 24.5 %. They will also keep manufacturing the brand's shoes and collections.

 

Canudilo, a fashion brand itself, has some 300 stores in China, while it also has more than 100 franchise stores for brands like Salvatore Ferragamo, Emporio Armani, Max Mara and Givenchy.

Questions or comments? Please feel free to contact the editors


Cultured meat in stores by 2021?

18/07/2018

Commercialization of laboratory cultured meat is coming closer. Pioneer Mosa Meat has raised 7.5 million euros for the construction of a factory that will bring an affordable product to the market within three years.

Discounters' major opportunities for growth in Western Europe

16/07/2018

Despite the multitude of stores in most European markets, discounters plan to open up to ten million square metres of store surface in five years' time. Even in so-called saturated markets they still see a lot of chances for growth, LZ Retailytics says.

Contamination bites huge chunks of Greenyard's value

16/07/2018

Vegetable producer Greenyard is under attack after a listeria contamination in its Hungarian factory. The company says to have taken all necessary measures, but the share price plummets.

Starbucks dumps plastic straws worldwide

12/07/2018

American coffee company Starbucks will ban plastic straws in their stores starting from 2020. A small step for coffee enthusiasts, but a big step for the environment, as the coffee giant uses about a billion straws every year.

AB InBev joins forces with Efes in Russia

12/07/2018

In order to counter the decline of their success on the Russian market, Belgian beer giant AB InBev has placed its activities in Russia in a joint venture with Turkish Anadolu Efes.

Jumbo appoints new head of Belgian branch

11/07/2018

Dutch Jumbo Groep Holding has made a management reshuffle, with Peter Isaac becoming the new managing director of the group's Belgian branch. Bart van den Nieuwenhof meanwhile is set to leave the group's restaurant chain La Place.