×
27
Fashion Jobs
LEVI'S
Marketing Manager
Permanent · SINGAPORE
GR INTERNATIONAL
e Commerce Executive
Permanent · NEW DELHI
L'OREAL GROUP
na&Sapmena IT Security Grc Manager
Permanent · Singapore
L'OREAL GROUP
Business Development Manager - l'Oreal International Distribution (Lid)
Permanent · Singapore
LEVI'S
Inventory Management Lead, Asia
Permanent · Singapore
LEVI'S
Merchandising Operations Specialist
Permanent · Singapore
LEVI'S
Specialist, Brand Analytics & Tools
Permanent · Singapore
L'OREAL GROUP
Head of Crisis Management Director
Permanent · Singapore
L'OREAL GROUP
Market Insight Apprentice (Sapmena)
Permanent · Singapore
L'OREAL GROUP
Digital & E-Commerce Apprentice (Sapmena)
Permanent · Singapore
LEVI'S
Manager, Global Strategic Sourcing
Permanent · Singapore
LEVI'S
Stylist/ Senior Stylist
Permanent · Singapore
LEVI'S
Head of Diversity, Equity & Inclusion (Ama)
Permanent · Singapore
L'OREAL GROUP
Regional Talent Acquisition & Employer Branding Apprentice
Permanent · Singapore
L'OREAL GROUP
2h2021 - Online Brand Management Intern
Internship · Singapore
L'OREAL GROUP
Data &Analytics Technology Manager
Permanent · Singapore
L'OREAL GROUP
Operations Apprentice
Permanent · Singapore
L'OREAL GROUP
Payment Service Provider Manager - South Apac, Middle East & Africa
Permanent · Singapore
LULULEMON
Key Leader | Marina Bay Sands
Permanent · Singapore
LULULEMON
Key Leader | Singapore Takashimaya Ngee Ann City
Permanent · Singapore
LULULEMON
Educator | Singapore Duxton Road
Permanent · Singapore
LULULEMON
Key Leader | Singapore Duxton Road
Permanent · Singapore
By
AFP
Translated by
Nicola Mira
Published
May 3, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Childrenswear specialist Kidiliz about to be bought by Chinese group Semir

By
AFP
Translated by
Nicola Mira
Published
May 3, 2018

French childrenswear giant Kidiliz, owner of Catimini and Absorba, and Chinese group Semir, are holding “exclusive negotiations” to form the world’s second-largest conglomerate in the sector, worth a combined revenue of €2 billion, according to a joint press release issued on Thursday. "Once the transaction will be finalised, the Semir group will acquire Kidiliz Group in full, with the support of its management,” they stated.


Catimini and other Kidiliz labels might soon be flying the Chinese flag - Catimini


The Zannier group - rechristened Kidiliz in 2016 - has a portfolio of 15 brands, among them Catimini, Z, Absorba, Chipie and Lili Gaufrette, and is the European leader in premium fashion for children.

The group’s labels are distributed via 11,000 stores worldwide, of which 830 are directly owned, and they sell 40 million items each year in 80 countries. Last year, Kidiliz Group’s revenue was €427 million, of which more than half was produced outside France. The group has 3,500 employees worldwide, of whom nearly 2,000 are based in France.

As for Zhejiang Semir Garment, it is a leading Chinese childrenswear company, operating 8,000 monobrand stores and generating a revenue of €1.6 billion. The group has been listed on the Shenzhen stock exchange since 2011, and has a stock market capitalisation of €3.9 billion.

“The merger” of the two groups “will form the world’s second-largest childrenswear corporation,” said the future partners in the press release, adding that the operation “will allow Kidiliz Group to bolster its European expansion and accelerate its deployment on the Chinese market. As for the Semir group, it will be able to increase its know-how in the premium children’s apparel market.”

"Semir will provide the resources necessary to consolidate our growth in Europe and broaden our presence in China", said Rémy Baume, President of Kidiliz Group, quoted in the press release.

According to Sam Qiu, President of the Semir group, "this transaction is a strategic, exciting new direction for the group, with the very clear ambition of creating a worldwide children's fashion leader by uniting our two companies.”

“Our assets are highly complementary and there are synergies in terms of market access and worldwide sourcing. In the short term, we expect to generate higher growth in our respective markets,” he added.

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.