
The Agnelli family's investment holding company Exor will buy a 25% stake in luxury shoemaker Louboutin for 541 million euros ($643 million), the two companies said on Monday.
24 published items with the word (s) or phrase Shang Xia in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
The Agnelli family's investment holding company Exor will buy a 25% stake in luxury shoemaker Louboutin for 541 million euros ($643 million), the two companies said on Monday.
Renzo Rosso’s fashion group has confirmed it is evaluating various acquisition opportunities, while rumours are rife about its interest in Jil Sander, owned by the Onward group.
The holding company of Italy’s famous Agnelli family’s is to invest €80 million in Chinese luxury business Shang Xia Paris to take a controlling stake.
Previously eager for social status, Chinese consumers are now looking for personalized thrills and enjoyment, according to a Nielsen conference held earlier this year.
The Chinese luxury label launched in 2010 by designer Jiang Qiong Er with the Hermès, which holds a majority stake, is opening a flagship store in Shanghai in the Xin Tian Di neighborhood.
Shang Xia, a Chinese brand backed by French luxury goods group Hermès, opened its first shop outside its home market in Paris on Wednesday to test demand among non-Chinese customers for its handcrafted products.
Shang Xia, launched in 2010 by Hermès, will open its first store outside of China in Paris this September according to a press release from the company.
The French fashion house is expected to confirm the arrival of Axel Dumas as co-CEO alongside Patrick Thomas at its shareholder meeting on 4 June.
French retailer PPR unveiled its first acquisition in China - a majority stake in fine jeweller Qeelin - and said more small deals could follow in the region, a key market for luxury goods.
After opening in Shanghai in 2010, the Chinese brand created by Hermès has opened a store in Beijing. Next stop, Paris 2013.