Home / Knowledge / News / Fashion / KKR fashion brands likely to be valued at over $1bn
KKR fashion brands likely to be valued at over $1bn
25
Jan '16
SMCP, the KKR & Co.-backed owner of French fashion brands Sandro, Maje and Claudie Pierlot, has attracted bids from Lion Capital and Chinese textile producer Shandong Ruyi Group. The clothing group could be valued at more than $1 billion in the sale, according to a Bloomberg report.

KKR, which bought control of SMCP in 2013, hired banks last year to consider strategic options including a sale of its stake.

Any deal would add to the $1.7 trillion in consumer acquisitions announced in the past 12 months, data compiled by Bloomberg show. Affordable luxury labels like those owned by SMCP are enjoying surging demand from a growing Chinese middle class and are unscathed by Beijing's anti-graft campaign, according to Bloomberg Intelligence.

“There is a lot of competition for these types of (fashion) brands,” Charles Allen, an analyst at Bloomberg Intelligence in London, said. “Certainly in China it's super competitive, not only with the more recognizable brands such as Hugo Boss, but a whole series of brands you've probably not heard of.”

SMCP, which has more than 1,000 stores in 34 countries, has been on an expansion mode last year, adding 12 new outlets in Asia in the first half of 2015.

The company's sales for the first half of 2015 rose 32 per cent to 316 million euros ($344 million), according to a statement. Representatives for KKR, Lion Capital and Shandong Ruyi Group declined to comment. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Johan Berlin
InvestKonsult Sweden AB

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search