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在线翻译:
szdaily -> Markets -> 
La Chapelle buys ready-to-wear brand Naf Naf
    2018-04-17  08:53    Shenzhen Daily

RESTRUCTURING French clothing retailer Vivarte last week reached a deal to sell its ready-to-wear Naf Naf brand to a consortium led by Chinese fashion company La Chapelle & Co.

Buyers also include Star Platinum Capital, a private equity firm which operates mostly in China, and consultancy firm East Links International.

The deal is worth a total of 52 million euros (US$64.4 million), according to La Chapelle & Co.

“The deal we signed with La Chapelle & Co. guarantees Naf Naf and the employees with the best conditions of acquisition now, and the best perspectives of growth tomorrow,” Vivarte CEO Patrick Puy said in a statement.

Vivarte sold its Kookai fashion brand, Pataugas shoes and Spanish shoes brand Merkal last year, and its Andre shoe brand earlier this year.

Naf Naf, with sales of 210 milion euros, has a network of 474 points of sales worldwide and employs about 1,200 people.

In 2017, La Chapelle had a network of 9,448 points of sale, all located in China, and employed 37,554 people. In 2017, it generated about 1.2 billion euros in turnover.

The Shanghai-based firm lists shares in Hong Kong and Shanghai and its shares closed down 3.31 percent yesterday when the domestic market dropped on worries that slowing credit growth and tightening regulatory requirements will start to weigh on the economy. (SD-Agencies)

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