Home / Knowledge / News / Apparel/Garments / Leading lingerie company increases stake in Top Form, HK

Leading lingerie company increases stake in Top Form, HK

21
Aug '08
Last week, Van de Velde increased its participation in Top Form International from 16.37% to 23.3%. This increase took place at the share price of Top Form International.

The shares were purchased at an average unit price of 0.5661 HKD/share. The total cost of the operation represents a counter value of € 3.6 million.

With this, Van de Velde confirms its confidence in both the sustained future of Top Form International and the long-term relationship between both companies.

Presentation of Top Form International:
Top Form International is the largest OEM manufacturer of brassieres in the world (OEM or original equipment manufacturing) with manufacturing facilities in Thailand, in the Philippines and in China. Top Form International is listed on the Hong Kong stock exchange.

On 30 July 2008, Top Form International announced the acquisition of Ace Style Intimate Apparel Limited. Ace Style is one of the world's leading manufacturers of lingerie with own design (ODM or original design manufacturing) with manufacturing sites in China and in the Philippines.

Presentation of Van de Velde:
Van de Velde is a European premium player in the field of fashionable luxury lingerie. Van de Velde is committed to a long-term strategy of brand building and retail development around the concept of 'lingerie styling' (fit, style, fashion) worldwide. Van de Velde operates mainly across Europe and North America.

The results for the first half of 2008 will be announced on Friday 29 August before trade.

Van de Velde


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: B.Zhou / Shutterstock.com

Retail | On 27th Feb 2020

Retail brands restrict China operations amid COVID-19

The outbreak of COVID-19 is disrupting business dynamics in China....

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

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

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Bani Batra,

Bani Batra

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

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

Leave your Comments


February 2020

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


Advanced Search