Swire bids on Sandro and Maje

Swire bids on Sandro and Maje

Hong Kong-based Swire has shown its interest in taking over Sandro and Maje when it made an offer of over 600 million euro for both fashion brands. At the moment there seems to be a growing interest for European fashion companies in Hong Kong.

A dream coming true?

Sandro and Maje were founded by Judith Milgrom and Evelyne Ch├ętrite and are currently sold in over five hundred locations worldwide. Both brands are currently owned by L Capital, the investment branch of luxury group LVMH. If a deal with Swire, which owns a lot of property in China and Hong Kong, does happen, their dream of an Asian expansion could be within reach.

 

Swire, a conglomerate from Hong Kong owning among others Cathay Pacific, is not the only taker at the moment: investment groups KKR, Carlyle and Eurazeo have all made it to the second round of the auction.

 

Recently several European fashion companies were acquired by companies from Hong Kong, like British brands Gieves & Hawkes and Kent & Curwen (bought by Trinity), Aquascutum (currently owned by YGM Trading) or Sonia Rykiel (currently Fung Brand).

Questions or comments? Please feel free to contact the editors


China trials mobile supermarket without employees

26/06/2017

A mobile, fully autonomous supermarket has opened its doors in Shanghai, one of China’s largest cities. The pilot is called Wheelys Moby Mart, open 24 hours a day and said to be easily deployable.

Opinion: More worries about Colruyt than Ahold Delhaize

23/06/2017

Both Ahold Delhaize and Colruyt suffered blows on the stock exchange as it seems like investors have completely lost faith in supermarket shares. However, they are not all alike, because Ahold Delhaize seems to bounce back, unlike Colruyt.

Cash register-free Amazon supermarket still not open

23/06/2017

Amazon’s cash register-free supermarket, Amazon Go, still has not opened to the general public and now one of its directors will leave Amazon.

Danone streamlines its European organization

23/06/2017

Dairy manufacturer Danone is to optimize its European organization: Belgium, the Netherlands, the United Kingdom and Ireland are to form one cluster. Kris Geeraert, general manager Benelux, will leave the company.

Diageo buys George Clooney's tequila brand for 620 million euro

22/06/2017

British liquor group Diageo has paid 700 million dollars (about 620 million euro) for George Clooney’s premium tequila brand Casamigos and that could rise to 1 billion dollars.

AB InBev wants to sell two German beer brands

21/06/2017

AB InBev is looking for a buyer for its German beer brands Hasseröder and Diebels. The Belgian beer giant hopes to attract about 200 million euro for both brands.

Back to top