www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Sanpower House Of Fraser purchase 'shows ambition'

By Mike Bastin (China Daily) Updated: 2014-04-15 07:15

Sanpower House Of Fraser purchase 'shows ambition'

Yuan Yafei, front left, chairman of Sanpower Group, shakes hands with Don McCarthy, front right, chairman of House of Fraser, at a signing event in London for Sanpower acquiring House of Fraser. for CHINA DAILY

Once again a world-famous brand has been surprisingly snapped up by a relatively unknown Chinese company. This time it is Nanjing-based Sanpower Group which launched a successful 450 million ($750.47 million) takeover of House of Fraser, one of Britain's best-known retail store brands.

Sanpower's audacious strike follows takeovers of British companies by China's increasingly ambitious and acquisitive private sector.

Sanpower House Of Fraser purchase 'shows ambition'
Nanjing group eyes House of Fraser

Sanpower House Of Fraser purchase 'shows ambition'
Manganese Bronze Holdings Plc, manufacturer of London's black cabs, was bought by China's Zhejiang Geely Holding Group Co Ltd last year while Chinese companies now also own Gieves & Hawkes, the Savile Row tailor founded in 1771, luxury yacht firm Sunseeker International Ltd and breakfast brand favorite Weetabix Ltd.

Sanpower's acquisition is particularly noteworthy given the intensity of the competition faced throughout the bidding process. Sanpower's competitors included UK sports retail chain Sports Direct International Plc and France's upmarket department store chain Groupe Galaries Lafayette.

Both competitors' core business is retail and clothing and both match substantial industry experience with formidable financial muscle.

Immediately after the deal was announced, House of Fraser CEO John King proclaimed that the agreement would lead to an "ideal opportunity to take the [House of Fraser] brand to China".

But recently Galaries Lafayette also said that by the end of 2014 a flagship China store would open in Beijing, a clear commitment to expansion in China.

Sanpower, on the other hand, can lay no claim to a place on the international stage, and the sprawling conglomerate's business portfolio could not be more unfocused with interests spanning finance, property, media, transport and information technology.

And yet its bid appears to have been favored and accepted very readily. This particular cross-border takeover, therefore, represents a clear sign of just how more and more determined Chinese companies are to expand internationally.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 一区二区三区精品视频 | 欧美成人 综合网播九公社 欧美成人26uuu欧美毛片 | 色婷婷91| 免费人成在观看 | 国产精品亚洲专区一区 | 亚洲一区二区在线成人 | 日韩毛片欧美一级国产毛片 | 久久久欧美综合久久久久 | 亚洲综合成人网在线观看 | 欧美一级在线 | 国产午夜精品久久理论片 | a级国产乱理伦片在线 | 久久久999国产精品 久久久99精品免费观看 | 成人国产精品毛片 | 国产亚洲国产bv网站在线 | 欧美一级特黄aa大片在线观看免费 | 午夜91理论片 | 成人爽a毛片在线视频网站 成人爽爽大片在线观看 | 热99re久久精品香蕉 | 日本国产免费一区不卡在线 | 免费黄色成人 | 最新亚洲精品国自产在线 | 精品国产精品久久一区免费式 | 国产欧美精品午夜在线播放 | 欧美在线视频二区 | 一级做人爱a视频正版免费 一级做性色a爱片久久片 | 成年免费在线观看 | 成人国产在线视频 | 美女视频黄的免费看网站 | 真实国产乱人伦在线视频播放 | 永久免费看毛片 | 精品9e精品视频在线观看 | 久久久亚洲国产精品主播 | 亚洲制服丝袜美腿亚洲一区 | 欧美日韩一区二区在线 | 欧美aaaaaabbbbb| 国产精品va一级二级三级 | 玖草在线视频 | 日本成人免费在线视频 | 亚洲精品午夜久久久伊人 | 日韩欧美亚洲综合久久99e |