Beginning on December 6, 2010 business for the "first brand of Chinese daily chemical industry" Shanghai jahwa reform projects have for the industry concerned, after the 38.18% overall share transfer fails, the remaining 29.18% shares and had a scandal over 5 billion value object Tag Heuer group LVMH. Of local leading would hand the world's largest luxury goods group · jahwa Group Chairman the day before the Ge Wenyao media confirmed that both sides did was negotiate business cooperation, even there is a possibility of equity participation, but of absolute "will not be foreign-owned".
In any case, if the trend of cooperation with LV really in-depth, in the days of "canoe" walking on a century of Shanghai jahwa, you may be after the reform in the field of hotel, a luxury development with greater intensity, truly "fashion industry group" transition dreams. Shanghai jahwa, Sephora bypass LVMH in addition to the peace and CIC gossip object names head, LVMH also attracted by Shanghai jahwa now. Reported this month, LVMH group eyes aimed at the popular fashion brand in Asia, was established with $ 640 million private equity fund L-Capital of the size of Asia, will be announced within the next two months on a brand in China and India brand investments.
Responsible for investment as LVMH's news team to Shanghai to visit, LVMH rumours of may holding a pitch. "Certainly is, transfer of the controlling stake of Shanghai jahwa does not give foreign-funded enterprises. "Ge Wenyao has repeatedly stressed that position, it said, cooperation between the two sides" anything is possible ", does not rule out the possibility of equity participation. In fact, as early as several years ago, secretly holding hands, 2004 share of 19% and LVMHH owned by Sephora's establishment of a joint venture company in China, HERBORIST products is through Sephora channels opened the European market.
According to Ge Wenyao revealed that retiring Sephora will become L-CapitalA, President of SIA consultants in the world, this is no doubt that private equity funds and erected a bridge between. next month or in property rights exchanges at the end of March this year, coming is still pipa covered surface of system reform of Shanghai jahwa achieve phased results, Shanghai urban construction investment and Development Corporation and Shanghai jiushi company to free transfers its 9% family of group shares.
When prosperous times borne us chief marketing consultant Wu Zhigang to this newspaper that the city took over investment and long should be a transitional net assets of investment for easy control of Shanghai SASAC, trend of all State-owned stocks to exit no essential changes. As far as the Ge Wenyao disclosed, trading prices will be determined before 20th of this month, ongoing audit and assessment, fight for property rights Exchange in early July.
As well, buyers or in August, surfaced, valued at more than 5 billion. News that ping an trust, Hony capital, CITIC capital and other large domestic restructuring several of PE are interested in, currently few formal offer, real-valued this more expensive. Although Shanghai jahwa achieve 3.09 billion revenues last year, an increase of 14.7%, the net profit of 2.7, an increase of 18.2%, but Shanghai jahwa transfer corresponds to the price-earnings ratio of more than 50 times, more than at present, PE 30-40 times the acceptable standard of earnings. In view of this, where sacred to the August won this local day of the first units have yet to be exposing a legendary venomous insect.
