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Sergio Rossi Potential Buyers Show Concern

2015/7/5 14:00:00 32

Kai Yun GroupSergio RossiPotential Buyers

In the 2014 annual financial report of KeringSA Open Cloud group, SergioRossi, which has about 90 stores in the world, is divided into the scope of the "non current assets and discontinued operations" to be sold. The business recorded a 479 million euro loss in fiscal year 2014, of which 355 million euros came from the mailing Department Redcats, which was already sold, and the rest was mainly generated by SergioRossi, including 52 million euros worth of the remaining value of the brand.

Italy luxury shoe brand SergioRossi, which is being sold by the French luxury goods giant Kering SA (KER.PA) Kai Yun group, now has at least three potential buyers: Lion Capital LLP, Emerisque Brands UK Limited and Brands.

Kering SA Kai Yun group will first conduct exclusive negotiations with one of the three private Holdings Company in early July.

KeringSA, the predecessor of Kai Yun group, Gucci GucciGroup Group acquired the 70% equity interest in the brand created by shoemaker SergioRossi in 50s and bought the remaining shares in 2004 in 1999.

SergioRossi's "other luxury sectors" earned 1 billion 423 million 600 thousand euros in fiscal year 2014, and BarclaysPLC (BARC.L) Barclays Bank estimated that SergioRossi accounts for about 5% of the sector in its research report last week, so its annual revenue is about 71 million euros.

According to BarclaysPLC Barclays Bank, "other

Luxury goods

The proportion of Balenciaga "Paris" was 21%, earning 299 million euros; AlexanderMcQueen accounting for 15% (214 million euros); Brioni accounted for 13% (185 million euros); StellaMcCartney accounted for 10% (142 million euros); Boucheron accounted for 9% (124 million euros); ChristopherKane accounted for 1% (1% euros).

  

SergioRossi

In recent years, management has frequently changed.

In early 2013, FrancesscoRusso, the creative director who worked for the brand for 5 years, announced that he had left his job and was accepted by AngeloRuggeri.

In 2009, SergioRossi joined the ChristopheM CEO lard as the CEO of the brand.

Bad performance

The cake was "fried" and the group appointed GiovanniGiunchedi, director of sustainable development of the original BottegaVeneta butterfly family.

LionCapitalLLP, Emerisque Brands UKLimited and InvestindustrialI VLP are involved in the fashion or luxury industry.

Lion Capital LLP has invested in the UK shoe luxury Jimmy Choo PLC (CHOO.L), withdrawing from the company in 2011 and now holds the shares of All Saints and John Varvatos.

Emerisque Brands UK Limited has MCS (once MarlboroClassics), and has acquired IndustriesSportswearCompanySpA70% equity from MonclerSpA (MONC.MI), and has obtained MarinaY achting, IndustriesSportswearCompanySpA70% and so on.

As for InvestindustrialIVLP, founded by Italy richest AndreaC.Bonomi, it once fought for ClubMed Mediterranean club with Fosun International (0656.HK), which invested in AstonMartin Aston Martin, PerfumeHolding and the parent company GruppoCoinSpA of Italy's largest clothing retailer OVSSpA (OVS.MI).


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