复星入股Folli Follie 

Fosun International, China's largest private conglomerate, agreed Thursday to acquire a 9.5 percent stake in Greece fashion retailer Folli Follie for 85 million euros (US$121 million).

Fosun will buy 6.36 million newly-issued shares in Folli Follie for 13.30 euros each in a private placement negotiated yesterday in Shanghai.

The Athens-based luxury retailer operates duty-free shops and designers, manufactures and distributes jewelry, watches and fashion accessories.. The company reported 85 million euros in profits last year on sales of 989 million euros.

"The price is reasonable, and my wife likes the brand very much," said Fosun's President Guo Guangchang at a news conference yesterday. "I think that Folli Follie has good momentum in China, and its market position matches the trends of Chinese consumption quite well."

The investment came almost one year after Fosun bought a 7.1 percent stake in French leisure group Club Med for 210 million yuan. Fosun currently holds a 10 percent stake in Club Med.

According to the agreement, Fosun's investment in Folli Follie will win a seat on the Greek firm's board. The move is the latest sign of Fosun's eagerness to invest in European companies.

Folli Follie entered China in 2002 and has 102 stores in 29 Chinese cities. Its presence in China accounts for 10 percent of the company's total sales.

President of Folli Follie Dimitris Koutsolioutsos said the company plans to open 250 stores in China over the next three years, helped by Fosun's expertise in retailing, tourism, jewelry and real estate.

周四，上海复星高科技（集团）有限公司将收购Folli Follie集团9.5％的股权。

复星将以8458.8万欧元（每股13.30欧元）的价格，收购Folli Follie集团定向增发的全部636万股普通股。

Folli Follie集团除拥有Folli Follie及Links of London两个时尚连锁品牌，Folli Follie集团还是希腊旅游免税零售领域的独家经营者，也是Zegna、UGG、Nike在希腊及巴尔干半岛的独家代理商。

"收购价格是合适的，我夫人就很喜欢这个品牌。"复星集团董事长郭广昌昨日在上海的发布会上笑称，从他夫人对该品牌的喜爱，他就能直觉地判断Folli Follie在中国的发展势头。

去年6月17日，复星集团收购地中海俱乐部7.1%的股权，目前持有约10%的地中海俱乐部股份。

按协议，收购完成后复星将在Folli Follie董事会中获得一个董事席位。

2002年，Folli Follie进入中国市场，目前在中国29个城市有102家门店，年市场销售额占Folli Follie集团总销售额的10%。

"双方合作后，计划三年要在中国开250家店。"Folli Follie集团董事长Dimitris Koutsolioutsos表示。复星将利用其在商业零售、旅游、黄金珠宝连锁、商业地产开发等领域的经验，协助Folli Follie加速在华扩张。