French Paris Spring Group wants to sell its American clothing business
In the last century, the invention of faux fur advanced human civilization. Faux fur products, which look very similar to the real animal fur, could be produced and no harm to animals. Faux fur products are not only warm, easy care and diverse, but also greatly contribute to protecting animals and ecology for human beings.
Imitation Fur Plush,Fake Fur Fabric,Faux Fur Material,Long Pile Faux Fur Fabric Wuxi Shuangda plush Co., Ltd. , http://www.sd-fauxfur.com
According to foreign media reports, the French fashion goods and retail giant Paris Spring Group is approaching two private equity companies and intends to sell its apparel business in the United States.
The Paris Spring Group has long been left behind by rival Gucci. In recent months, the Paris Spring Group has gradually abandoned its retail business and redoubled its branding of luxury goods. Despite the slowdown in global economic growth, its luxury goods business still picked up.
The Paris Spring Group announced on Wednesday evening that it had reached preliminary intentions with two companies in Massachusetts, USA, to sell the company's OneStop Plus Group, which is part of the group's Red Cat retail brand group, which is currently Seek to sell.
Paris Spring Group has valued OneStopPlus Group for 525 million US dollars, but did not give the target price. The group said it hopes the sale will be completed in the first quarter of next year.