Home / Knowledge / News / Apparel/Garments / China's Fosun offers to buy Tom Tailor

China's Fosun offers to buy Tom Tailor

Feb '19
Pic: Tom Tailor
Pic: Tom Tailor
Chinese conglomerate Fosun International has offered to buy retailer Tom Tailor after it subscribed for a total of 3,849,526 new Tom Tailor shares which will be issued through a capital increase from Tom Tailor’s authorised share capital in 2018. The new share will be allotted to the company for a total cash contribution of €8,699,928.76.

After subscription of new shares, Fosun will hold 14,969,521 Tom Tailor shares in total, representing approximately 35.35 per cent of the total issued share capital and voting rights of Tom Tailor. As Fosun controls over 30 per cent threshold, under German law it is obliged to make a public takeover offer. “The company has announced its intention to make a voluntary public takeover offer as an offeror to all shareholders of Tom Tailor to acquire all Tom Tailor shares not already directly held by the company,” Fosun said in a filing to Hong Kong Exchanges and Clearing Limited.

“The directors (including the independent non-executive directors) are of the view that the transaction is fair and reasonable and in the interests of the company and its shareholders as a whole,” Fosun said in the filing.

Fosun is also a long-term and anchor investor of Tom Tailor and, to pursue its strategic goals, has supported decisions made by the management board and the supervisory board of Tom Tailor. The company, through increasing its shareholding interests in Tom Tailor pursuant to the transaction, will benefit from the long-term growth potential of Tom Tailor. It considers the transaction to be an attractive investment in its sector as it sees economic potential in Tom Tailor, Fosun said.

Founded in 1962 and headquartered in Hamburg, Germany, Tom Tailor is an international, vertically integrated fashion company focusing on casual wear in the medium price segment through its brands Tom Tailor and Bonita, complemented by an extensive range of fashionable accessories and home textiles which is directed to all generations. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 14th Dec 2019

No retroactive anti-dumping duty on US PTY import from PRC

As the US International Trade Commission has not found critical...

Pic: Shutterstock

Retail | On 14th Dec 2019

7000 Hong Kong retail establishments may close down: HKRMA

Some 7,000 licensed retail establishments out of 64,000 in Hong Kong...

Pic: Attune

Information Technology | On 14th Dec 2019

Attune delivers SAP S/4HANA for fashion brands

Attune has successfully completed multiple SAP S/4HANA for fashion...

Interviews View All

Veronique Lee, Modavanti

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Headhonchos, Indian textile value chain

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Pierre Wiertz, EDANA

Pierre Wiertz

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Madison Maxey, Loomia

Madison Maxey

Loomia designs and manufactures soft circuit systems that can be produced...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

December 2019

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

Advanced Search