Baroque Baroque Develops Its Shoe Brand In Japan

< p > China < a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > Belle International Holdings Ltd (1880.HK), through its wholly owned subsidiary, general crown Co., Ltd., with us $939 billion 630 million 220 thousand (about HK $732911572), from Japan a target= "_blank" to "href=", "clothing", "retailer", Barok, Japan's largest shareholder, Japan's largest shareholder, the company purchased 31.96% of the total shares issued and issued by Japan.

One of the shareholders of BELLE international, 1880.HK, has also acquired a 23% stake in Baroque Japan Barok Japan.

< /p >

"P" BELLE International (1880.HK) said in its statement that it will set up a series of joint ventures through its wholly-owned subsidiary, Cheng Zhuo Co., Ltd. and Baroque Barok, to develop garment and accessories business in China.

The total investment and joint venture investment will not exceed HK $924 million.

< /p >

< p > Baroque Japan Barok, Japan is mainly engaged in the retail business of clothing and accessories in Asia. It is the parent company of Japanese clothing brands such as Moussy, Sly, Rodeo Crowns, Shelter, Black and Rienda.

Baroque Japan, formerly known as Fakedelic, started with Moussy brand and opened its first Moussy store in 2000.

In 2007, Fakedelic was bought by CLSA Sunrise Capital and L.P., renamed Baroque Baroque, and developed into a retail group of 59 billion 800 million yen in 2012 and a total of 350 stores.

< /p >

< p > the Baroque Baroque brand that has been stationed in mainland China includes Moussy, Moussy sub line Azul by Moussy and Sly. These three brands have set up 22 stores in China, while Hongkong has Moussy, Azul by, Azul and four brands nine independent stores.

The acquisition of Baroque Baroque will help BELLE achieve its long-term goal of entering the Chinese apparel and accessories market, and expand its brand development in Japan with Baroque Baroque, 1880.HK.

< /p >

"P" and Baroque Baroque will benefit from the huge distribution channels, supply chain and logistics network of BELLE International (1880.HK) in China after joining BELLE giant international (1880.HK), and plan to add 100 stores a year in China.

With the growth of business in China, Baroque Baroque hopes to expand in other Asian markets and even the European and American markets by using financial support from BELLE International (1880.HK) and CDH investment, and has become a major clothing and shoe retailer in Asia.

According to JapanConsuming reports, Baroque Baroque plans to list on the Hongkong stock exchange after earning 100 billion yen a year.

BELLE International (1880.HK) confirmed this goal and did not rule out the possibility of bringing Baroque Baroque into its clothing and accessories business department.

< /p >

< p > BELLE International (1880.HK) released its first half performance in August 23rd: as of June 31, 2013, group income increased by 11.1% to RMB 17 billion 799 million 700 thousand yuan, mainly due to footwear business and sports "a target=" _blank "href=" //www.sjfzxm.com/ "> clothing" /a ", sales revenue continued to grow steadily, footwear sales reached 10 billion 945 million yuan, an increase of 6.8% compared with the same period last year, and sportswear business recorded sales of RMB 6 billion 855 million yuan, up 18.7% over the same period last year.

< /p >

< p > operating profit of RMB 1 billion 757 million 200 thousand yuan, a decrease of 1.9% compared with the same period last year, a profit of 25.90 yuan per share, and gross margin of 30 basis points to 56.9% over the same period last year.

< /p >

< p > BELLE International (1880.HK) closed at HK $10.56 in September 4th, down 2.58%, and has fallen 39.24% this year.

< /p >