Hugo&Nbsp; Boss Claims That It Will Not Initiate Takeover Actions In The Next Few Years.
Although the industry has become popular, German fashion companies
HugoBoss
In the next few years, there will be no takeover action and no further search for more jewellery franchises.
"I don't think at all," chief executive Claus-DietrichLahrs said in an interview.
Takeover action
It will bring us more rapid development in the next few years.
French luxury group LVMH bought Italy luxury jewelry brand for 3 billion 700 million euros (US $5 billion 200 million).
Bvlgari
Analysts believe that the takeover will lead the rival group to start a new round of mergers.
The remaining listed luxury companies
Burberry
Tiffany and Tod s, analysts and bankers, said that American jewelers with a total market value of $8 billion were most likely to be snapped up first, though this would not happen immediately.
Lahrs said, "there is no object in the market for us to initiate immediate takeover in the near future."
Once in
Louis Vuitton
Lahrs, who worked with ChristianDior, also said HugoBoss had no intention of entering the jewelry business again.
Lahrs said, "our cooperation with SWAROVSKI group's subsidiary Amazar has not been as successful as expected."
When asked about the impact of Japan's natural disaster on HugoBoss, Lahrs said the company had 150 employees and about 50 shops in Japan, which has shortened the operation time.
He also said that although China has far surpassed the Japanese market in terms of revenue, Japan is still one of the most important markets for luxury goods in Asia.
HugoBoss has a major stake in Permira private equity company.
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