LVMH Divestment Of Spanish Textile Group Textil Lonia

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< p > France < a href= "http://sjfzxm.com/news/index_c.asp" > luxury goods > /a > giant LVMH Mo t t Hennessy Louis Vuitton Louis (MOET & CHANDON) Hennessy group LV group is withdrawing from Spain one of the few investments: Spain Textile Group, the 25% stake in the company.

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< p > Sociedad Textil Lonia SA is one of the main fashion groups in Spain. It has the Spanish premium brand Purification Garcia, and is the agent of CH Carolina Herrera of the American designer brand.

The group was founded in 1997 by members of the Spanish fashion designer Adolfo Dom nguez family members Josefina Dom nguez nguez, Francisco Javier Dom nguez nguez, and Jes Jes Dom, and now it is the chairman and chief executive officer of the group. The company will focus more on the fashion brand of its daughter, founded in 2006.

Last year there was a rumor that LVMH L Capital, its investment organization, was also interested in investing in Bimba & Lola.

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< p > > according to < a href= "http://sjfzxm.com/news/index_s.asp" > Spanish < /a > Econom a Digital, the Dom nguez family will exercise the right of first refusal to take over the stake of LVMH, which is held by the subsidiary company.

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< p > Sociedad Textil Lonia SA has 516 independent stores in the fiscal year ending February 2013, with an annual revenue of 254 million euros, an increase of 10% over the previous year of 231 million euros and a net profit of 36 million 540 thousand euros.

LVMH has pointed out that its shareholding value is about 40 million euros in the annual report of group 2013 fiscal year, which means that the valuation of Sociedad Textil Lonia SA reaches 160 million euros.

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