Home / Knowledge / News / Fashion / Shah Capital becomes largest investor in Symphony

Shah Capital becomes largest investor in Symphony

22
Aug '09
Shah Capital Fund became the largest institutional investor in Hong Kong-based Symphony Holdings this week. Symphony Holdings is a marketer and licensor of sports and recreation footwear and apparel, with stakes in worldwide consumer brands like Pony, Haggar, Speedo, Mango, Helly Hansen, Berghaus, JFT Holdings (Toyota Tsusho) and controls about two-percent of the worldwide athletic shoe market.

"The current market conditions have created significant investment buying opportunities in China,” said Himanshu Shah, president and chief investment officer of Shah Capital Management. “As you look at markets from a global perspective, Symphony Holdings has tremendous growth opportunities and is in a premier position to be a Gateway to China for Western sports, activewear, and fashion brands.”

“We are pleased to see Shah Capital as a large investor in Symphony Holdings,” said Dr. Ting Ho, executive director of Symphony Holdings.

“We look forward to working with them in a constructive manner to enhance value for all stakeholders.

“Symphony Holdings is a tremendously undervalued franchise with many underlying operational strengths,” said Shah. “We have been following the company for more than three years, and believe fits perfectly into our investment strategy.”

Shah Capital Management Inc


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Aug 2019

Egyptian govt allocated EGP 21 bn to boost cotton

Egypt's ministry of public business sector has allocated EGP 21...

Pic: Google

Information Technology | On 20th Aug 2019

Macy's uses Google Cloud to streamline retail operations

Macy's, one of world's largest retailers, has become a Google Cloud...

Pic: Tapestry

Fashion | On 20th Aug 2019

Tapestry net sales climb 2% to $1.51 bn in Q4 2019

Net sales for Tapestry, a house of modern luxury accessories and...

Interviews View All

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Larry Fontana,

Larry Fontana

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

Umang Banthia,

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

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

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

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

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


August 2019

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

news category


Related Categories:

Advanced Search