Home / Knowledge / News / Apparel/Garments / Belle in JV with Baroque for Chinese apparel retail trade
Belle in JV with Baroque for Chinese apparel retail trade
06
Aug '13
Hong Kong based Belle International Holdings Limited, through its wholly-owned subsidiary Pu Crown has purchased US$ 93.963 million (HK$ 732.911 million) worth of shares of Baroque Japan Limited, amounting to approximately 31.96 percent of Baroque’s total share capital.
 
Baroque, which operated 348 stores as of April 20, 2013, across Japan, Hong Kong and China, is primarily engaged in apparel and accessories retail business.
 
As per the share-purchase agreement, Belle International would establish a series of stores in joint venture with Baroque to explore the Chinese apparel and accessories business.
 
The total investment of the joint venture is expected to be not more than HK$ 924 million.
 
“The Board of Directors consider that this investment and joint ventures of the Group will provide an opportunity to develop the Chinese fashion industry and is expected to increase the Group's consumer market coverage,” Belle said in a press statement.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search