Shoe Enterprises And Fraser Department Store Cooperation Evolved Into Acquisition Station?

Recently, Chinese shoe companies have come up with thousands of ideas.

Ouse of Fraser Limited, Fraser's department store, and other sources said it might buy part of the Highland Group part of the British department store's parent company.

On the 18 day of the announcement, it announced that the British Toy retailer Hamleys, which was acquired last year, will hold consultations with the House of Fraser Group Limited in Nanjing, China, on the first flagship store opened in mainland China in September.

Orient Fred department store will provide Hamleys flagship store and provide management services, at the same time charge royalty as a reward.

In 2015, Hamleys was awarded.

In the end, the company won the Hamleys Ludendo Enterprises UK Ltd., the British Toy retailer's parent company, at 100 million pounds.

At the same time, two Chinese local companies who bought British companies to cooperate with the British brand to China at the same time, said that the possible strategic cooperation would lead to the company's partial acquisition of Highland Group to Nanjing new 100, but no agreement has been signed between the two sides.

According to Highland Group's latest earnings report, the company's total paction volume in the financial year ended January 31, 2016 was 1 billion 312 million 400 thousand pounds, an increase of 3.1%, the turnover increased by 5.3% to 826 million 600 thousand pounds, the pre tax profit was also 1 million 300 thousand pounds profit, while 2014/2015 was 1 million 600 thousand pounds in 2014/2015.

The cooperation with Nanjing Xin Bai group, in addition to its main brand Hamleys cooperation, will expand more possibilities for cooperation, including the Highland Group retail platform to enhance the sales potential of the company.

It is headquartered in Nanjing.

The four independent brands of IRA, sun dance and Mio, as well as four authorized brands of Naturalizer, ASH, JC Collezione and United Nude.

According to the no fashion Chinese network data, the group's revenue in 2015 increased by 8.5% to 3 billion 45 million 800 thousand yuan, and net profit increased by 6.3% to 25 million 749 thousand and 200 yuan.