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French Luxury Goods Giant LVMH Divest Spanish Textiles

2014/7/19 22:14:00 29

LVLuxuryLouis Weedon

< p > here the world is < a href= "http://m.pmae.cn/" target= "_blank" > clothing < /a > a href= "http://m.pmae.cn/" target= "http://m.pmae.cn/". < /p >
< p style= "text-align: center"; > img src= "/uploadimages/201407/19/20140719101834_sj.JPG" align= "center" border= "0" style= "style="; "
< p > French luxury goods giant LVMH Mo t Hennessy Louis Vuitton SA (LVMH.PA) MOET & CHANDON Hennessy LV group is pulling out of one of Spain's few investments: 25% stake in the Spanish Textile Group Sociedad Textil LVMH.PA. < /p >
< p > Sociedad Textil Lonia SA is one of the main fashion groups in Spain. It has the Spanish premium brand Purification Garcia, and is the agent of the us a href= "http://m.pmae.cn/" target= "href=". The group was founded in 1997 by members of the Spanish fashion designer Adolfo Dom nguez family members Josefina Dom nguez nguez, Francisco Javier Dom nguez nguez, and Jes Jes Dom, and now it is the chairman and chief executive officer of the group. The company will focus more on the fashion brand of its daughter, founded in 2006. Last year there was a rumor that LVMH L Capital, its investment organization, was also interested in investing in Bimba & Lola. < /p >
< p > according to the news of Econom a Digital in Spanish website, the Dom nguez family will exercise the right of preemption to take over the Sociedad Textil SAS stake held by LVMH through Sofidiv SAS of its subsidiary, but there are also speculation that the Spanish perfume and fashion group of the company will participate in the competition. < /p >
< p > Sociedad Textil Lonia SA has 516 independent stores in the fiscal year ending February 2013, with an annual revenue of 254 million euros, an increase of 10% over the previous year of 231 million euros and a net profit of 36 million 540 thousand euros. < a href= "http://m.pmae.cn/news/index_f.asp" > LV < /a > MH has pointed out that its shareholding value is about 40 million euros in the 2013 financial year report of the group, which means that the valuation of Sociedad Textil Lonia SA is 160 million euros. < /p >
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