Semir Entered The Children'S Wear Industry To Buy 844 Million European Children'S Clothing Company Kidiliz

2018/5/4 10:23:00 117

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May 2, 2018: after Wednesday, Zhejiang Semir apparel Limited by Share Ltd (002563.SZ) announced the acquisition of Sofiza SAS 100% stake and creditor's rights of Inchiostro SA with about 110 million euros, or about 844 million yuan, so as to achieve the purpose of buying all the assets of children's clothing group Kidiliz.

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Founded in 1962 by Josette and Roger Zannier, the Kidiliz group has about 10.

Children's wear

The brand includes Z brand business (founded in 1983 years), Absorba brand business (founded in 1949), Catmini brand business (founded in 1972), Kidiliz multi brand store business (founded in 2015 years), authorized brand business (mainly including Kenzo Kids, Levi s 3 Kids, Paul Smith Smith, etc. 5 brand), other private brand wholesale business and e-commerce business.

According to Semir clothing announcement, the Kidiliz group, headquartered in Paris, has 11000 sales outlets and 829 stores in the world, and sold 427 million euros in 2017.

By the end of last year, the French group's total assets amounted to 496 million euros, with a total liabilities of 210 million euros and net assets of 285 million euros.

In 2017, Kidiliz group EBITDA recorded 20 million euros, the net profit before tax was -0.24 billion euros, and the net profit after tax was -0.27 billion euros.

For this paction, Semir

Clothes & Accessories

Expressing compliance with the company's long term

strategy

If the paction is successfully completed, the company will become an important participant in the global children's wear industry. The Kidiliz Bali group and the existing balbala brand children's clothing business have a clear complementarity in the brand positioning and the main market.

market

There is an integrated effect in the value chain of operations and global procurement.

After the completion of this paction, the core management of Kidiliz group will remain in office, and will participate in the investment according to the pricing principle of the paction, and jointly create new growth.