![]() LVMH has helped the company expand into the vast Chinese market where it now runs about 70 outlets with plans to add 30 to 50 stores a year for the next few years.įounded in 1947, this homegrown business has been providing exotic crocodile skins to high fashion houses for decades. And it looks as if the deal has paid off. Image: ST/ Neo XiaobinĪt the time of the deal, the company said it was looking to tap into LVMH’s vast experience so as to expand more easily. Shoppers seen inside a Charles & Keith store along CityLink Mall on May 1, 2012. The deal valued the company at almost $200 million. The homegrown shoe retailer sold a 20 per cent stake to LVMH for more than $30 million after a hot pursuit which saw the company being wooed by other private equity funds and high net-worth investors. There are aggressive expansion plans in the works as he plans to grow the company from its current $50 million revenue to $200 million in four years. ![]() L Capital Asia’s managing partner Ravi Thakra told The Straits Times that it is opening a Ku De Ta outlet in Hong Kong’s party district Lan Kwai Fong in the second half of this year and has already secured sites in Thailand and France. Industry estimates pegged the deal as worth more than $100 million.Ī waiter sets a table at the outdoor area of Ku De Ta. LVMH bought a 51 per cent stake in the nightclub’s holding company in January 2014, with plans to take the brand global in the coming years. Given LVMH’s track record with other Singapore businesses it has acquired, it is likely to boost the company’s expansion plans. Image: ST/ Matthias HoĬrystal Jade has been on a regional and international expansion spree, and plans to open 18 outlets this year, as well as a 20,000-sq ft restaurant in San Francisco which can seat more than 400.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |