BELLE Belle, The Shoe Giant, Will Buy The World 700 Million Yuan.

< p > China footwear giant Belle International Holdings Limtied. (1880.HK) < a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107105" > BELLE International Holdings Limited > limited acquisition nearly two months.

Beijing time September 8th, Belle International Holdings Limtied. (1880.HK) Belle International Holdings Ltd announced that it would buy up to 700 million yuan for Chinese apparel manufacturers and agents Shenzhen Long Hao Heaven and Earth Pty Ltd.

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< p > Belle International Holdings Limtied. (1880.HK) Belle International Holdings Ltd said that two wholly owned subsidiaries of BELLE had entered into a share purchase agreement with a number of independent third parties, so that they could not acquire more than 700 million yuan in cash for the acquisition of all a issued by a href= "http:// news.sjfzxm.com/news/list.aspx Classid=101112107107".

BELLE expects the paction to be completed in the first quarter of 2014.

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< p > Shenzhen Long Hao Heaven and Earth Pty Ltd is a famous brand operation management company of apparel product R & D and chain operation. It mainly sells and distributes footwear products, bags and bags.

Long Hao Heaven and Earth Pty Ltd owns its own brand SKAP Saint Gallas. Besides this, there are many international brands such as Dragonsea, Timberland, Tim Pak LAN and so on.

In 2008, Hirotake invested $28 million 570 thousand (about 200 million yuan) to join the Dragon world to promote brand promotion, store expansion and penetration into the three or four tier cities of the mainland.

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< p > due to the market downturn, Belle International Holdings Limtied. (1880.HK) Belle International Holdings Ltd recently showed a decline in performance. According to the no fashion Chinese network data, as of the first half of June 31, 2013 fiscal year, Belle International Holdings Limtied. (1880.HK) Belle International Holdings Ltd operating profit of RMB 1 billion 757 million 200 thousand yuan, a decrease of 1.9% compared with the same period last year.

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< p > Belle International Holdings Limtied. (1880.HK) Belle International Holdings Ltd clearly hopes to continue to maintain its profit growth through mergers and acquisitions.

At the beginning of August, Belle International Holdings Limtied. (1880.HK) Belle International Holdings Ltd acquired its $93963022 (equivalent to HK $732911572) from its wholly owned subsidiary, pun Guan, from Japan's clothing retailer Baroque Japan Barok Japan Limited, the largest shareholder of CLSA Sunrise Capital and L.P., to acquire Barok, Japan, which has issued and issued 31.96% of its total share capital.

One of the shareholders of BELLE international, 1880.HK, has also acquired a 23% stake in Baroque Japan Barok Japan.

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"P" BELLE International (1880.HK) said in its statement that it will set up a series of joint ventures through its wholly-owned subsidiary, Cheng Zhuo Co., Ltd. and Baroque Barok, to develop garment and accessories business in China.

The total investment and joint venture investment will not exceed HK $924 million.

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< p > Baroque Japan Barok, Japan is mainly engaged in the retail business of clothing and accessories in Asia. It is the parent company of Japanese clothing brands such as Moussy, Sly, Rodeo Crowns, Shelter, Black and Rienda.

Baroque Japan, formerly known as Fakedelic, started with Moussy brand and opened its first Moussy store in 2000.

In 2007, Fakedelic was bought by CLSA Sunrise Capital and L.P., renamed Baroque Baroque, and developed into a retail group of 59 billion 800 million yen in 2012 and a total of 350 stores.

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< p > the Baroque < a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107108" > Barok < /a > has been stationed in the mainland of China. Its brands include Moussy, Moussy Azul Azul by by and a. These three brands have set up 22 stores in China, and there are nine independent stores in Hongkong.

The acquisition of Baroque Baroque will help BELLE achieve its long-term goal of entering the Chinese apparel and accessories market, and expand its brand development in Japan with Baroque Baroque, 1880.HK.

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"P" and Baroque Baroque will benefit from the BELLE giant (1880.HK) in China's large scale "a href=" http://news.sjfzxm.com/news "distribution channel < /a", supply chain and logistics network after the joint industry giant BELLE International (1880.HK). It plans to add 100 stores a year in China.

With the growth of business in China, Baroque Baroque hopes to expand in other Asian markets and even the European and American markets by using financial support from BELLE International (1880.HK) and CDH investment, and has become a major clothing and shoe retailer in Asia.

According to JapanConsuming reports, Baroque Baroque plans to list on the Hongkong stock exchange after earning 100 billion yen a year.

BELLE International (1880.HK) confirmed this goal and did not rule out the possibility of bringing Baroque Baroque into its clothing and accessories business department.

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