Forbes defines him the Chinese Warren Buffet. He has a personal wealth of $ 7.3 billion, and its holding is Club Med and the English football club of Wolverhampton. Guo Guangchang (pictured), of the Fosun group patron, according to the Chinese press would be interested in taking Jimmy Choo’s control from the JAB group due to the excellent results of the brand on the Beijing market. If that were the case, Fosun would be fighting with Coach (who, after the acquisition of Kate Spade, could give up) Mayhoola and Michael Kors. Analysts, meanwhile, question the value of this operation for Kors. According to Camilo Lyon of Canaccord Financial Advisory Company, it’s hard finalising this deal. The brand is already experiencing problems and “too much onto the plate when it comes to its business” he explained to Footwear News. I do not think they need to be distracted by the integration of a high-end brand that is not complementary to their core business”.
A Chinese Tycoon for Jimmy Choo while analysts are wondering whether the deal is worth for Kors
