×
495
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Gadwal
Permanent · Gadwal
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
SHOP LUNE
Digital Marketing Specialist
Permanent · MUMBAI
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
Published
Aug 1, 2014
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tom Tailor: Chinese giant Fosun becomes largest shareholder

Published
Aug 1, 2014

The Chinese group Fosun, which already has investments in the respectively Greek, American and Italian companies Folli Follie, Saint John and Caruso, has now has added Tom Tailor Holding AG to the list.

In contrast to its investments in other fashion brands and retailers, this time the purchase involves a Europe-based company that is focused on the mid-range segment with nearly a billion euros in turnover.

Tom Tailor is based on a monobrand distribution model.


Through its Portuguese subsidiary, the insurance company Companhia de Seguros Fidelidade, Fosun has taken over a 23.16% stake in the Hamburg holding company currently owned by Versorgungs- und Förderungsstiftung.

The latter, which is based in Lichtenstein, used to hold 100% of Bonita, which was sold to Tom Tailor in 2012. "Fosun is committed to long-term investments and has in-depth knowledge of a range of different international markets," commented Dieter Holzer, chairman of Tom Tailor Holding.

Significantly, Fosun will become the largest shareholder. The second largest shareholder of the company, which is listed on the Paris Bourse, is founder Uwe Schöder, who only holds a 5.02% stake, followed by Morgan Finance with 4.77% and finally the company’s management with 1.36%. The rest is held publicly.

"Fosun will leverage its own resources and competitive advantages to support Tom Tailor bring its brand to more Chinese consumers as well as expanding in the Chinese market. This investment is an important step in Fosun’s strategy to take advantage of China’s dynamic growth with global resources," said Qunbin Wang, chairman of Fosun, in the company’s financial statement.

In 2013, Tom Tailor Holding recorded a 907.2 million euro-turnover, 350.7 million of which was generated by Bonita. It aims for 950 million this year.

Copyright © 2021 FashionNetwork.com All rights reserved.