Boston Said It Will Soon Acquire British Clothing Brand Retailers.

< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Bosideng International Holdings Ltd < /a > (HK:3998) Bosideng International Holding Co., Ltd. said it is going to acquire a British "a" with 80 chain stores.

Sun Zhili, vice president of Bosideng, said at the investor conference 24, that the company is negotiating with a European high-end brand, and the negotiations are at an early stage.

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< p > Sun Zhili said that the British clothing brand retailer, who is about to buy, is in a state of loss. Privately owned brand, Bosteng will spend less money, but Sun Zhili did not disclose the exact amount.

Sun Zhili said Bosideng is currently positioned in the middle and low end in China, but in the face of the increasingly large middle class, Bosideng needs to set foot in a more high-end lifestyle brand to meet our needs in this industry while increasing profits.

According to Sun Zhili, Bosideng has contacted three investment companies in Europe to discuss acquisitions.

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< p > Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited has repeatedly claimed to be negotiating with European garment manufacturers to acquire matters, but so far, "nothing has been accomplished". Instead, a low-key Fosun International Limited Fosun International Ltd (00656.HK) is about to complete an acquisition.

China's Fosun International Limited Fosun International Ltd (00656.HK) announced in September 11th that a fund managed by the company has increased its capital acquisition of Italy's top a href= "//www.sjfzxm.com/news/index_c.asp" > men's /a > manufacturer Caruso SpA 35%, thus becoming one of the largest strategic investors of Caruso Caruso, which is the first time that Fosun international has invested in the top luxury brands in Europe.

Neither side disclosed the amount of the paction, pointing out that it was not more than five million euros.

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< p > early February, Zhu Wei International Holdings Ltd (HK:3998) Bosideng International Holdings Limited, chief executive officer of British company, said in an interview recently that the brand may enter London's high-end shopping center at the beginning of this year to accelerate the expansion of Europe. In addition, Zhu Wei also said that some European companies may be buying Italy enterprises in the meantime. "Bosideng"

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< p > there is no further information about Boston's so-called "high end shopping center in London", and the "Italy business negotiations on acquisition" has not been heard.

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Zhu Wei, who was interviewed by Reuters during the Sino British business meeting last week, said that after the opening of its first international store in London, the company planned to add an international store in New York, though it has not yet made profits. Zhu Wei said "the potential location is Fifth Avenue" in P.

The plan also has no further information.

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< p > Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited announced in June 26th the 2013 fiscal year ended March 31, 2013, in 2013 fiscal year Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited net profit plunged 21.6% to about 1 billion 271 million 700 thousand yuan; operating profit margins plummeted 580 basis points to 13.6%.

Revenue rose 11.3% to 9 billion 324 million 500 thousand yuan.

So far this year, the stock of Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited has fallen by 22.27%, while the Hang Seng Index has risen 2% during the same period.

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< p > in the 2013 earnings report, Bosideng International Holdings Ltd (HK:3998) Bosideng International Holdings Limited publicize the story of its flagship store in London, but it did not mention sales.

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