Fuxing International Fashion Ambitions Are Not Only Interested In Acquiring Italy Light Luxury Brand Twinset

November 22, 2018: already holding Italy light luxury.

The fashion brand Twinset SpA, the six year old The Carlyle Group LP (NASDAQ:CG) Carlyle Group, is seeking to withdraw.

Italy media quoted a rumor as saying:

Market speculation that the identity of the Asian investor is

(0656.HK).

At present, Fosun international has passed its compound star.

The Group invested in St John Knits in the United States, Tom Tailor Group in Germany, Folli Follie Commercial Manufacturing and in the Republic of Greece (Liv) Fu Li, also has a majority stake in Italy men's wear brand.

This year, the group has bought the French luxury brand Jeanne Lanvin SA Langwen and Austria high-end silk stockings and underwear manufacturer Wolford AG WLFD.VI (WLFD.VI), but it lost to the Ruyi group (002193) in the competition of Swiss brand Bally Barry.

Guo Guangchang, chairman of Fosun international, once interviewed by the financial times at the beginning of this year, said he would continue to seek overseas acquisitions in health, education, fashion and tourism.

Twinset brand by

Designer Simona Barbieri and her husband, Tiziano Sgarbi, were founded in Capri Island, Italy, in 1990.

In 2012, the Carlyle Group LP Carlyle Group acquired 72% stake in the founder couple and Italy private Holdings Company DGPA SGR SpA, and increased to 90% in July 2015, when Alessandro Moschino Varisco, Moschino Moss Chino CEO, was also selected for the same job.

At that time, Alessandro Varisco was sent to lead the brand to expand the international retail trade and to attack IPO, and to replicate the high hopes of Moncler SpA (MONC.MI).

In April 2017, the Carlyle Group LP Carlyle Group bought the remaining 10% stake, and Twinset SpA founder Simona Barbieri Barbieri immediately left the creative director and company director, and quit completely. The brand changed from Twin-Set Simona Barbieri to Twinset Barbieri, and the new designer combination, "the" and "trendy", abandoned the brand's classic romantic Italian style and injected more obvious contemporary and fashion elements.

Add men's categories on the basis of children's wear and underwear line.

Last year, Twinset SpA recorded an income of 245 million euros.

It contributes 60% of revenue, EBITDA Euro 46 million euros per year.

It is reported that the Carlyle Group LP Carlyle Group failed to get a satisfactory valuation because the company's growth was slower than expected, and the selling process became more complicated.