Hong Kong's Fung Brands buys fashion house Sonia Rykiel

Hong Kong investors buy fashion brand Sonia Rykiel

luxuo.com 22 Feb '12, 3pm

Hong Kong's Fung Brands buys fashion house Sonia Rykiel

Hong Kong investment firm Fung Brands has bought 80 percent of French fashion house Sonia Rykiel in a partnership aimed at boosting the brand’s global presence. “The partners want to develop the company as a true international luxury brand,” they said in a joint statement. The Rykiel family will retain a 20 percent stake and the founder’s daughter, Nathalie Rykiel, will remain vice president of the board, it said. Known for its knitwear and founded in 1968, Sonia Rykiel was one of the last family controlled French fashion houses. The company had sought a potential partner since early 2011 but originally intended to sell off only a minority stake. Financial details were not disclosed. Fung Brands director Jean-Marc Loubier said he hoped to double Sonia Rykiel’s sales in the next five to six years after the brand saw sales stagnate in 2011 after chalking up 90 million euros ...

Full article: http://www.luxuo.com/luxury-trends/hong-kong-investors-so...

Tweets

@jessicagauzi » 25 Feb '12, 10pm
Sad to see French fashion houses "bought" by foreign groups... RT @Luxuo: Sonia Rykiel snapped up by Hong Kong investor [link]
@Luxuo » 25 Feb '12, 10pm
Sonia Rykiel snapped up by Hong Kong investor [link] [20]
@black_listlife » 23 Feb '12, 3pm
HK Fung Brands buys 80% of Sonia Rykiel, famous for its knitwear. [link]
@bestoso » 23 Feb '12, 6am
@afungsays RT @Luxuo Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@Luxuo » 23 Feb '12, 4am
Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@etcwater » 22 Feb '12, 3pm
#Drink etc Water Hong Kong investors buy fashion brand Sonia Rykiel: Hong Kong investment f... [link] [link]
@luxist_com » 22 Feb '12, 3pm
rt @luxuo Hong Kong investors buy fashion brand Sonia Rykiel: Hong Kong investment firm Fung Brands has ... [link] #luxury
@TopSensesGroup » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel: Hong Kong investment firm Fung Brands has bought 80 percent ... [link]
@Luxuo » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel [link]
@dongorleone » 26 Feb '12, 2pm
RT @Luxuo: Sonia Rykiel snapped up by Hong Kong investor [link] [20]
@eatlovesavormag » 25 Feb '12, 10pm
RT @Luxuo: Sonia Rykiel snapped up by Hong Kong investor [link] [20]
@PierreBalesi » 23 Feb '12, 7am
RT @Luxuo: Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@catallaxer » 23 Feb '12, 6am
RT @Luxuo: Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@joanneooi » 23 Feb '12, 6am
RT @Luxuo: Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@RebeccaMcGeoch » 23 Feb '12, 4am
RT @Luxuo: Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@eatlovesavormag » 23 Feb '12, 4am
RT @Luxuo: Hong Kong's Fung Brands buys fashion house Sonia Rykiel [link]
@elitistview » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel [link]
@MarcoTimelli » 22 Feb '12, 3pm
RT @Luxuo: Hong Kong investors buy fashion brand Sonia Rykiel [link]
@AtlFashionWeek » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel: Hong Kong investment firm Fung Brands has bought 80 percent ... [link]
@etcWaterLtd » 22 Feb '12, 3pm
#Drink etc Water Hong Kong investors buy fashion brand Sonia Rykiel: Hong Kong investment f... [link] [link]
@asmallworld_net » 22 Feb '12, 3pm
rt @Luxuo Hong Kong investors buy fashion brand Sonia Rykiel: Hong Kong investment firm Fung Brands has ... [link] #luxury
@LuxuryNewsNow » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel [link]
@Dreams_Builder » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel [link]
@Boutique_travel » 22 Feb '12, 3pm
Hong Kong investors buy fashion brand Sonia Rykiel [link]