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


Spanish food company wants to acquire Continental Foods

13/10/2017

Spanish food company GB Foods wants to bid for Belgian Continental Foods next week. Two other companies are allegedly interested in the company which owns Devos Lemmens, Aiki and Royco.

Carrefour customers deliver groceries through Merci Voisin

13/10/2017

Supermarket group Carrefour launched a new platform in France, called Merci Voisin (Thanks neighbour). This allows customers to have their online orders delivered at home for a small fee by other customers, basically an Uber for groceries, sort to say.

Why veganism poses a challenge to food retailers

12/10/2017

Are vegans a growing group of consumers that need to be considered? Do supermarkets need vegan store formulas or sections? In any case, there are some careful attempts.

Incredible growth for Takeaway.com

10/10/2017

Meal delivery service Takeaway.com has grown a lot in the third quarter: it processed an additional 40 % in orders in the third quarter and even 42 % across the first three quarters.

Unilever's margarine sale in final stretch

09/10/2017

Unilever’s margarine division sale is picking up pace, because interested parties have to table a bid before 19 October.

EU's removal of sugar quotas is bad news for sugar cane manufacturers

05/10/2017

The European Union’s sugar quotas, which have been around for nearly fifty years, have been removed at the start of the month. The result is that more sugar can be manufactured and the industry will be able to set the pricing itself.

Back to top