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Chinese international conglomerate and investment firm Fosun International is negotiating a US$500 million holding in German wholesaler Metro, according to a report. The unconfirmed news about an acquisition that would see Fosun taking a 9 per cent holding in…
Greek jewelry- and timepiece-maker Folli Follie plans to open 50 new stores in China next year, showing a renewed faith in a market in which its presence has shrunk in recent years. Twenty of the locations will be directly operated by the company, five to…
ATHEX-listed Folli Follie Group is buying back its Australian distribution network from Luxury Retail Group (LRG), the second buy back deal that LRG has completed this year, following the sale of its Furla business to Furla Group. The deal will see the…
Chinese fashion retailer Fosun International will reportedly acquire French apparel brand IRO. IRO’s founders, brothers Laurent and Arik Bitton, will retain a 40 per cent stake, while Fosun will acquire the 25 per cent shareholding of the Marciano family,…
