Fosun International Intends To Increase Holdings Of Tom Tailor Shares

The Fosun International Ltd. Fosun International Ltd, a Chinese company controlled by Guo Guangchang, today said it would increase its holdings of German fashion brand Tom Tailor Holding AG to more than 25%, but less than 30%, and reached an agreement with a private seller.

At the end of July 2014, Fosun international passed the Fidelidade-Companhia de Seguros SA, the largest Portuguese insurance company, together with the management group of Tom Tailor Holding AG (TTI.DE), a German casual wear retailer, and bought 23.16% of the brand from the original main shareholder of the brand, Versorgungs- und, Versorgungs-, and Hon.

The amount of the paction was not disclosed.

It is understood that the international fashion brand

It was founded in 1962 by the founder Hans-Heinrich P P njer in Hamburg, Germany. After decades of unremitting efforts, TOM TAILOR has successfully established a fashionable Kingdom full of personality and vitality.

TOM TAILOR has been fully supporting F1 activities, and is also the only Jaguar team.

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In fashion casual men's wear, women's wear and children's wear, TOM TAILOR is a leader in the world market.

Simple and individual style has become the fashion mark of TOM TAILOR.

The TOM TAILOR brand has already covered the apparel retail market in more than 80 countries and regions around the world.

TOM TAILOR's "MAN" series chooses men who pursue fashion and wear simple and personalized.

The diversity of functions and the color of coordination make it the core product of TOM TAILOR.

According to Fosun international, Tom Tailor Holding AG (TTI.DE) offers medium priced casual wear through its brand Tom Tailor and Bonita, which operates in more than 35 international markets through wholesale and retail.

In fiscal year 2013, sales amounted to 907 million 200 thousand euros, of which 350 million 700 thousand euros came from Bonita.

Fosun international has been focusing on consumer promotion investment. The brands that have invested include Greek Jewelry Group Folli Follie, American high-end women's clothing brand St. John John and Italy custom menswear brand Caruso.

On Thursday, Tom Tailor Holding AG fell 4.53% to 4.66 euros, while Fosun international morning trading rose nearly 1%, and ended at 15:42 p.m. at 15:42 p.m., which fell 0.92% to HK $10.78.