Guangzhou-based shoe maker may buy Pierre Cardin
Published: 28 Jun 2009 22:51:40 PSTJun. 29, 2009 (China Knowledge) - Guangzhou Jiansheng Trading Ltd, a
private shoe manufacturer in southern Guangdong Province, is in talks
with French attire maker Pierre Cardin on a possible acquisition,
sources reported. The Guangzhou-based shoe maker expects to close the deal in one month, said the company's chairman, Liu Jianxue. No further details were available. Guangzhou Jiansheng currently holds the franchisee for Pierre Cardin in China. Foreign media earlier said that two privately-owned Chinese companies, one from Guangzhou and another from Wenzhou, had both offered to buy Pierre Cardin for EUR 200 million. Wenzhou-based China Aokang Group is reportedly another bidder for Pierre Cardin. A spokesman for the Chinese shoemaker declined to disclose whether the company is in talks with the French company. Pierre Cardin was one of the first western fashion brands to enter the Chinese market. Copyright © 2009 www.chinaknowledge.com |
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