FRANCE: Women's wear label Sym sold to Miroglio
Women's wear label Sym has been sold by Italian textiles and apparel group, Miroglio, to Germany's Steilmann Holding AG, for an undisclosed sum.
Sym is one of the most established names on the French high street for quality women's wear and has around 100 stores. Its clothing range is also sold from 50
corners in department stores and 500 multi-brand outlets in France and abroad.
In a statement, Miroglio said that Sym "represents a development opportunity for Steilmann in France, the brand intregating well within the group and facilitating
for the expansion of its distribution network in the country."
"For its part, the Miroglio Group intends to concentrate investment on the brands making up its core business," the statement added.
Steilmann Holding specialises in men's and women's fashion and owns the Steilmann, Stones and Apanage brands as well as Boecker department stores.
- Why should brands care about China cotton?
- Low labour cost countries linked to highest risks
- China cotton: implications and opportunities
- COMMENT: Skills or new technology?
- Who has signed the Bangladesh safety accord?
- South Africa to grow grass for recyclable textiles
- JC Penney share price falls on Q4 loss
- Activewear driving US apparel spend
- Delta Galil open to M&A as profit grows
- Sri Lanka and Bangladesh FTA talks underway
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Apparel Retail: Top 5 Emerging Markets Industry Guide
- Global market review of swimwear - forecasts to 2019
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead