Home / Knowledge / News / Fashion / Belle Intl to take over Hong Kong Mirabell Holdings
Belle Intl to take over Hong Kong Mirabell Holdings
15
May '08
Belle
Belle
Belle International Holdings Limited, one of the biggest shoes enterprises in China will soon purchase the largest in Hong Kong, Mirabell International Holdings.

Industrial sources reported that after the purchase, Mirabell International Holdings Limited would secede from Hong Kong stock market and become an integral part and subsidiary enterprise of Belle.

The law of Hong Kong enunciates that the purchase and transfer of power must finish before May 23, 2008. This entire channel of transfer will involve funds amounting to 1.6 billion Hong Kong dollars.

The company's total turn over in 2007 reached 11.67 billion yuan, up by 87 percent than 2006, while its net profit was nearly 1.979 billion yuan, up by 100 percent than the previous years. The total net profit arising from shoes business accounted for 90 percent.

It has been reported that after Belle was listed on Hong Kong stock market on May 7, it actively and successfully acquired a number of shoes brands including Fila China and Senda. Presently, Belle owns some 6000 franchise shops on domestic and international grounds.

Fibre2fashion News Desk - China


Must ReadView All

'India can take up lack of capacity in US, China markets'

Textiles | On 25th Sep 2018

'India can take up lack of capacity in US, China markets'

India can now take up the lack of capacity in the US and Chinese...

Indonesian textile industry targets exports of $14 bn

Apparel/Garments | On 25th Sep 2018

Indonesian textile industry targets exports of $14 bn

With a January-July 2018 exports figure of $7.74 billion, the...

Several challenges for Vietnam's garment sector in 2019

Apparel/Garments | On 25th Sep 2018

Several challenges for Vietnam's garment sector in 2019

Vietnam’s textile and garment industry will be facing a gamut of...

Interviews View All

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

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


October 2018

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

news category


Related Categories:

Advanced Search