Swire bids on Sandro and Maje | RetailDetail

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 Chétrite 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


Belgian CEO leaves Le Pain Quotidien

23/02/2018

After seventeen years, Vincent Herbert has decided to step down as Le Pain Quotidien CEO. Jerry Gamez, who has plenty of experience at fastfood chain Burger King and Walmart, will succeed him.

Takeaway.com acquires Eastern European competitors

23/02/2018

Fast food supplier Takeaway.com acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Spar will trial contact-free and cash register-free payments

22/02/2018

Retail Partners Colruyt Group – Colruyt Group’s entrepreneurial division – is creating an app for Spar which allows customers to use their smartphones to scan and pay for their own groceries.

Duvel Moortgat adds Italian brewery

22/02/2018

Duvel Moortgat increased its minority stake in Italian brewery Birrificio del Ducato to 70 %. The Belgian brewery, known for Vedett, has been part of the brewery near Parma since 2016.

Colruyt removes Nestlé products from its shelves

21/02/2018

Colruyt has taken at least 18 Nestlé products from its shelves, because it failed to reach a deal about the pricing. For that reason, the products have been temporarily removed from Colruyt stores.

Supermarkets react to European farmer welfare proposal

20/02/2018

Some supermarkets are not happy about the European Commission’s intention to give farmers higher prices. Dutch, German and Austrian distributors warn this will lead to higher prices for the consumers.

Back to top