HONG KONG: Hembly chairman buys Sergio Tacchini
The chairman of Hong Kong apparel brand and supply-chain services company Hembly International has bought Italian tennis-wear brand Sergio Tacchini for EUR27m (US$42.3m) according to media reports today (6 June).
Billy Ngok, who finalised the deal at the end of April, has made the acquisition as a private investment.
He is said to be planning to open 120 shops in mainland China in the next three years.
Apparel supplier and retailer Hembly International Holdings Limited is to sell its Well Metro subsidiary, which sells the Stonefly and Moschino brands in China, for HK$100m (US$12.9m)....
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