Urban Beauty Announced The Issuance Of Shares And Introduced Fosun International As The New Shareholder.

According to the world

Shoes and hat net understands that China's largest brand clothing clothing company, urban beauty (China) Holdings Limited, has signed a strategic cooperation agreement with Kimuratan Corporation, a Japanese maternal and infant products company listed on Tokyo. The city beauty is the only Chinese mainland's all channel development strategic partner, selling its brand products online.

A few days ago, the city beauty announced the issuance of shares, the introduction of Fosun international as a new shareholder, accounting for the expansion of 11.18% of the shares, to melt about HK $600 million.

After this financing, urban beauty will accelerate the reform of sales and distribution channels, potential merger, acquisition and cooperation projects.

Starting from the date of creation, the urban beauty has always focused on the development and research of the mass personal clothing market.

The company will promote and sell its products through the current brand portfolio, including core brands, urban beauty and three sub brands, namely, city silk, city colourful and urban front, and high-end underwear brand Ordifen.

By expanding the brand mix and increasing the supply of product categories, we can capture additional business opportunities in China's continuous clothing market.

Analysis of the industry, with 80, 90 after entering the peak period of marriage and childbirth, coupled with the "two child" policy liberalization, children's clothing market will be followed by women's wear, men's clothing, the entire garment industry scramble for the last piece of "cake."

In the market for children's clothing, the vice president of urban beauty, Sha Shuang, said that through professional research, it is still basically blank in China.

This cooperation with the Japanese children's wear brands, the city beauty as its only full channel development partner in China, will use the electronic business platform, the line.

On sale of its brand products, to achieve strong correlation products breakthrough, tap the potential of the mass market, seize the body clothing and children's clothing market segmentation, said Chang Sha Shuang, the company as the largest brand of body clothing enterprises, currently has the industry's most extensive customer groups.

As of June 30, 2016, through membership scheme,

It has accumulated about 39 million members, covering different classes and ages. It has become a powerful development engine for urban beauty business platform.

The urban beauty business platform will classify and manage the sales direction of the cooperative development platform according to the data of commodity type, channel characteristics, consumer attributes and so on, and strengthen the functional division of each sales channel.

Through the capital market pformation, in May 5th, the Fosun Ruizhe Grace Investments Limited, a wholly-owned subsidiary of the city beauty and Fosun international, entered into a subscription agreement. It will issue 240 million shares to the company at HK $2.5 per share, accounting for about 11.18% of the enlarged share capital.

The total amount and net proceeds collected from subscription items will be HK $600 million and HK $599 million respectively. The net amount is intended to be used for the group's sales and distribution channels reform, potential merger, acquisition and cooperation projects and general liquidity funds.

Since the first net profit decline in the first half of 2011 last year, the performance of urban beauty has fallen into a downturn.

According to the 2016 earnings report, urban beauty realized 4 billion 512 million yuan in revenue, down 8.9% from the same period last year.

The profit attributable to shareholders was 242 million yuan, down 55.2% from the same period last year.

In those days, urban beauty closed down a number of deficit stores, and the total number of stores dropped by 985.

At present, there are 7651 stores in urban beauty, of which 1523 are self owned shops and 6128 are private ones.

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It is reported that Fosun Group as a strategic investor in shares, reflects Fosun Group's confidence in China's fashion industry and the future development of the group.

On the same day, city beauty also signed a strategic cooperation agreement with Fosun Group. The two sides will make use of their resources, expertise and experience to explore the possibility of various deep cooperation, and further promote the brand development of the group in China's close fitting clothing field.

For more information, please pay attention to the world clothing shoes and hats net.