December 23, 2011

Trinity says to meet Ferragamo on distribution deal expiry

HONG KONG - High-end menswear retailer Trinity Ltd said it would meet with Italian luxury goods maker Salvatore Ferragamo to discuss extending their partnership upon the expiry of an exclusive distribution agreement next year.

Couture Shoe Design by Salvatore Ferragamo, Photo: Corbis Images

In a filing to the Hong Kong bourse on Friday, Trinity said the agreement on the sale of Ferragamo products in South Korea, Singapore, Malaysia, Thailand and Indonesia would expire by end-2012.

For statement click here

Trinity, sister company of consumer goods exporter and logistics consultant Li & Fung Ltd, said earlier it was looking to acquire more heritage brands in Europe to fuel its expansion in China.

Last December, it bought Italian fashion house Cerruti for $70 million. It also owns British clothing brands Kent & Curwen and Gieves & Hawkes, and Japan's D'Urban. (Reporting by Donny Kwok; Editing by Jonathan Hopfner)

archives Salvatore Ferragamo

5/25/12
Fashion house Versace may seek outside investors
...Prada, Salvatore Ferragamo and Brunello Cucinelli have successfully tapped the stock market in less than a year. "The management is studying some advisors, but no solution has yet been decided," Chief...
See complete article
5/24/12
Armani has no plans to sell
...Prada and Salvatore Ferragamo launched their own IPOs. In 2011 Armani saw a 13.6 percent rise in revenues to 1.8 billion euros ($2.27 billion) and was sitting on cash to the tune of 643 million euros. "In...
See complete article
5/15/12
Italy's Ferragamo Q1 net rises 10 percent
...shoemaker Salvatore Ferragamo said on Monday its net profit including minorities in the first quarter rose 10.2 percent to 17 million euros boosted by higher sales.
See complete article
5/14/12
Moscow show recalls fashion behind the Iron Curtain
...designer Salvatore Ferragamo pumps, inaccessible to most at the height of the Cold War. Visitors have flocked to the exhibit open through mid-June to see other looks, such as the sexy red strapless dress that...
See complete article
4/30/12
Cucinelli's stellar debut seen boosting Italy IPO appeal
...success of Ferragamo and Cucinelli will convince other Italian luxury companies to list in Milan, maybe this year, but more probably next," Raffaele Jerusalmi, chief executive of Borsa Italiana told Reuters at...
See complete article
4/16/12
Italy's Cucinelli launches 150 million euro IPO
...such as Ferragamo, Tod's, LVMH or Prada. The range will imply a valuation for the company after the deal of between 18 and 21 times 2012 earnings, while peers trade at 21 to 22 times forward earnings, the...
See complete article
4/11/12
Cashmere house Cucinelli IPO approved by Milan bourse
...2011. Ferragamo is up about 80 percent since its shares began trading in Milan last June. Prada's stock has risen less than a third since a Hong Kong IPO around the same time. Cucinelli's roadshow is...
See complete article
4/2/12
A symphony of color down to the windows of chic streets
...Leonard and Salvatore Ferragamo follow more or less the same trend, the former highlighting fluid combinations, pastel dresses and pants, the latter opting for floral prints. Prada A tendency toward color that...
See complete article
3/30/12
Prada keeps retail focus after profit shines
...shoemaker Salvatore Ferragamo is expecting "significant growth" after Asian sales propelled full-year profits above forecasts. However, investors are bracing for moderating growth this year after China...
See complete article
3/16/12
Ferragamo eyes growth after profits beat forecasts
...shoemaker Salvatore Ferragamo is expecting "significant growth" in 2012 after sales in Asia of its leather handbags and shoes helped lift full-year profits above forecasts. Profits rose around 70...
See complete article
3/14/12
HK menswear group Trinity sees slower sales growth in China
...maker Salvatore Ferragamo in the region, expects a low-teen percentage growth in its same store sales for 2012 compared to its almost 20 percent growth over the past two years, said group managing director Sunny...
See complete article
2/29/12
Luxottica hikes dividend on market boost
...LVMH and Salvatore Ferragamo. Luxottica said it expected 2012 sales to grow by between 4 and 6 percent in western Europe, and by 5-7 percent in North America, where it sells around 60 percent of its products....
See complete article
2/22/12
Italian fashion designers look to China for salvation
...profits at Salvatore Ferragamo. Revenues for the Italian house, which listed on the Milan stock exchange last year, climbed 26.2 percent to 986.5 million euros.With the exception of tsunami and earthquake-hit...
See complete article
2/21/12
Cavalli says no sale contact with Tashir
...Prada and Salvatore Ferragamo listed respectively on the Hong Kong and Italian stock markets last year, as they bet on fast-growing emerging markets to boost sales. The newspaper said the main hurdle towards a...
See complete article
2/21/12
Record gap between highest and lowest UK shop rents
...shoemaker Salvatore Ferragamo for a Bond Street site this month. "The rental disparity is the widest since we started monitoring it in 1987," said Richard Doidge, director of research at property agency...
See complete article
2/5/12
Cashmere maker Cucinelli files for Milan listing
...Prada and Salvatore Ferragamo successfully listed last year, just before a sell-off of Italian assets started in early July, marking a worsening in the bloc's debt crisis. Trend-setting designer Prada picked...
See complete article
1/16/12
China helps Italian menswear makers snub doomsayers
...Prada and Salvatore Ferragamo have continued to open stores in Asia."To make predictions now is not only difficult, but also dangerous: the risk is to create self-fulfilling prophecies, no matter how good or...
See complete article
1/12/12
Milan readies for men's fashion fest
...Armani, Salvatore Ferragamo, Vivienne Westwood, Prada and Missoni.Monday will see John Richmond, Gucci, Etro and Versace take to the catwalks followed Dsquared2 and Giorgio Armani on Tuesday.
See complete article
1/10/12
Milan Fashion Week: the Italians still have it
...Scervino, Salvatore Ferragamo. Trussardi, Prada, Moncler Gamme Bleu which are scheduled for the afternoon. On Monday the 16th, the program will begin with Dirk Bikkembergs and end with Versace, by way of Iceberg,...
See complete article
12/15/11
Dealtalk: Luxury spread too thin can lose cachet
...shoemaker Salvatore Ferragamo (SFER.MI)."If you look at the European luxury conglomerates, they don't push a lot of synergies on the front end. The product, the store, the brand stay unique from others in...
See complete article

More results

archives Trinity

5/23/12
Tesco boss forgoes bonus after poor UK results
...group Trinity Mirror, to quit this month. Richard Marwood, a fund manager at AXA Investment Managers, one of Tesco's top 20 investors, welcomed Clarke's decision. "I think Clarke's move is...
See complete article
5/23/12
Kazakh socialite "Lady Goga" bags Vionnet
...group Trinity Ltd bought Italian fashion house Cerruti for $70 million.
See complete article
4/24/12
Cerruti: Aldo Maria Camillo takes over as Creative Director
...belongs to Trinity (Li&Fung), has just appointed Also Maria Camillo as Creative Director.
See complete article
3/30/12
Menswear fuels global luxury boom, executives say
...there. Trinity Ltd, a leading high-end menswear retailer in China, said same-store sales rose 19.5 percent last year, and that it eventually plans to operate 500 stores in greater China, up from about 370 now....
See complete article
3/14/12
HK menswear group Trinity sees slower sales growth in China
...retailer Trinity Ltd, which posted a 50 percent rise in 2011 profit on strong appetite for luxury products in China, sees slower sales growth in 2012 amid global uncertainty, but will maintain its pace of network...
See complete article
12/11/11
Bank of Ireland pulls plug on 135 mln stg UK mall sale-source
...sq ft Trinity Leeds shopping centre in 2013. In July, Hammerson also received consent for its 600 million pounds redevelopment of the Eastgate Quarters in the city's centre. Property consultant Savills,...
See complete article
10/4/11
Cerruti appoints Catherine Vautrin as CEO
...giant Trinity Ltd. (Li & Fung group), a luxury menswear retailer and distributor in China, Hong-Kong and Taiwan. Cerruti is now solely dedicated to menswear, a segment in which it aims to be a leading luxury...
See complete article
9/22/11
Retailers could sink in perfect autumn storm
...facing a trinity of challenges this autumn that will scupper some of them before they can reach the safe harbour of the Christmas trading period.
See complete article
9/13/11
South Korea's EXR buys fashion house Castelbajac
...retail arm Trinity was Cerruti's licensee. By Astrid Wendlandt and Pascale Denis (Editing by David Holmes)
See complete article
6/6/11
Prada4s $2.6 billion HK IPO values company above European peers
...operator Trinity Ltd and French skincare products retailer L'Occitane, Goldman Sachs Research estimates. British luxury goods group Burberry, which is seeking a Hong Kong listing and is known for raincoats...
See complete article
6/5/11
Investors stay wary before Prada's IPO show
...operator Trinity Ltd trade at an average of around 26 times forecast 2011 earnings, according to a report by Goldman Sachs. And Prada's fast-growing exposure to China, which is set to become the world's...
See complete article
6/5/11
Analysis: Chinese consumers altering luxury goods landscape
...Kong-based Trinity Ltd (0891.HK), which is looking to acquire high-end European clothing brands."The Chinese customers want heritage brands -- they want the story, they want the history."CHINESE DNALocal...
See complete article
5/25/11
Luxury brands under M&A pressure
...January, Trinity raised $95 million specifically to fund acquisitions. Retailers operating in greater China, such as Trinity and YGM Trading Ltd, have been acquiring European brands as increasingly wealthy Chinese...
See complete article
5/24/11
Luxury execs see strong 2011, more M&A
...operator Trinity which last year bought Italy's Cerruti fashion house, said it was keen to acquire more heritage brands in Europe to fuel its expansion in China, set to become the world's biggest luxury...
See complete article
5/23/11
Trinity shopping for more European fashion brands
...operator Trinity Ltd, which last year bought Italy's Cerruti fashion house, is looking to acquire more heritage brands in Europe to fuel its expansion in China, set to become the world's biggest luxury...
See complete article
4/13/11
Chinese consumers altering luxury goods landscape
...Kong-based Trinity Ltd, which is looking to acquire high-end European clothing brands. "The Chinese customers want heritage brands -- they want the story, they want the history. Shanghai Tang SS11 catalogue...
See complete article
4/12/11
Hong Kong's Trinity eyes small European luxe brands
...operator Trinity Ltd is shopping around for more high-end European clothing brands to continue benefiting from China's insatiable appetite for luxury.
See complete article
4/11/11
Shiseido joins Fung in race for Gaultier
...December, Trinity, the distribution arm of Li & Fung bought Italian brand Cerruti for 53 million euros. Li & Fung is one of several Chinese groups on the lookout for European brands with strong growth...
See complete article
3/11/11
LVMH's Bulgari buy to spur small luxury deals
...based Trinity O891.HK is also hunting for European brands after having snatched Italian fashion house Cerruti for 53 million euros in December last year. LVMH's private equity arm, L Capital, which recently...
See complete article
3/8/11
Recent M&A in luxury goods sector
...CERRUTI/TRINITY * In December 2010, Li & Fung group's Trinity said it bought Cerruti for 53 million euros from U.S. fund MatlinPatterson which salvaged the Italian fashion in 2006. RICHEMONT/NET-A-PORTER...
See complete article

More results