THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
• Omnichannel Futures Conference 2020
• Online Conversion Summit 2020
• Future of Retail Marketing 2020
• The HR Summit 2020
• AI in Retail Conference 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Fosun to acquire majority stake in Wolford

Wolford has announced that Chinese company Fosun has agreed to purchase a majority stake in its business. Fosun will pay €33 million for the 50.9% stake…. View Article

FASHION

Fosun to acquire majority stake in Wolford

Wolford has announced that Chinese company Fosun has agreed to purchase a majority stake in its business.

Fosun will pay €33 million for the 50.9% stake.

To strengthen Wolford’s financial structure, Wolford and Fosun have also agreed on a cash capital increase which will provide up to €22 million of fresh equity to Wolford.

Axel Dreher (pictured), chief executive of Wolford, said: “We welcome the entry of a financially strong core shareholder which is experienced in the luxury sector and will enhance our access to Asian markets. This confirms the reputation of our brand and its growth opportunities.”

The company said the fresh capital will enable it to accelerate the development of its online business and the redesign of its market appearance.

Fosun has invested in several fashion and luxury brands including the German fashion company Tom Tailor, the Greek jewellery company Folli Follie and the French luxury label Lanvin.

Wolford sells its products in more than 260 own and partner operated boutiques in around 60 countries, as well as through more than 3,000  trading partners and via its own website.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Online Conversion Summit 2020
Online Conversion Summit 2020
April 30 2020
The Hallam Conference Centre, London W1W 6JJ
The Retail Bulletin Online Conversion Summit 2020 Partnered by IMRG
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2020
AI in Retail Conference 2020
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY