Home / Knowledge / News / Apparel/Garments / Fung Brands acquires majority stake in Sonia Rykiel
Fung Brands acquires majority stake in Sonia Rykiel
22
Feb '12
Hong Kong-based Fung Brands, an investment company promoted by billionaire brothers Victor and William Fung, has purchased a majority 80 percent stake in Parisian fashion brand Sonia Rykiel.

The remaining 20 percent stake has been retained by the founding family.

The acquisition will enable the French brand to penetrate in major markets like the US and China.

Founded in 1968, Sonia Rykiel was one of the two French luxury brands, along with Hermes, to be still owned by its founding family.

Sonia Rykiel, known for brightly coloured striped woolen apparels, currently employs 365 people. The company distributes its apparel items through 65 exclusive brand outlets (EBOs) and about 2,000 other outlets in over 30 countries.

The Fung family holds the biggest stake in Li & Fung Ltd., a firm listed on Hong Kong stock exchange. The firm is the largest supplier of consumer products to leading retailers like Marks & Spencer Group Plc. and Wal-Mart Stores Inc.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 6th Dec 2016

Alibaba merges Juhuasuan with Tmall.com

In a business reorganisation, aimed at making it easier for merchants ...

Comez 609 B8 machiner. Courtesy: Jakob Muller

Textiles | On 6th Dec 2016

Jakob Müller shows new machines at India ITME

Jakob Müller AG, developer of machineries for the manufacture of...

Courtesy: The Fashion Awards 2016

Fashion | On 6th Dec 2016

Fashion Awards: Alexander McQueen is brand of the year

Alexander McQueen received the brand of the year award at the Fashion ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search