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Fashion Jobs
BESTEAM PERSONNEL CONSULTANCY LTD.
Divisional Sales Manager
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Senior Manager - Marketing, Ipsa
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BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Head of Product Development And Fit (Garment, Fashion Accessories, Home Textile, Etc.)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Baby Wear) - Dongguan
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Finance Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
SHISEIDO
Senior Officer - Talent Acquisition, Human Resources
Permanent · Hong Kong
SHISEIDO
Network & Security Specialist, Information And Technology Transformation
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
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BESTEAM PERSONNEL CONSULTANCY LTD.
Fabric Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager – Beauty Accessories & Fashion Accessories
Permanent · CLEARWATER
SHISEIDO
Travel Retail - Area Sales Manager, Greater China, Prestige, Cpc & Fragrance
Permanent · Hong Kong
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
FOOT LOCKER
Sales Associate - Part Time (Hong Kong, Gala Place)
Permanent · Hong Kong
SHISEIDO
Senior Officer, Corporate Communications
Permanent · Hong Kong
SHISEIDO
Assistant Manager - Influencer Marketing, Clé de Peau Beauté
Permanent · Hong Kong
By
Reuters
Published
Mar 13, 2018
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Piquadro in talks with Richemont to buy Lancel

By
Reuters
Published
Mar 13, 2018

Luxury goods group Richemont is in exclusive talks to sell its underperforming French Lancel leather brand to Italian high-end briefcase maker Piquadro, to put its struggling fashion and accessories business back on 


Lancel


Piquadro said it expected the acquisition of Lancel to be completed in the first half of 2018, subject to due diligence and a final agreement. Richemont, better known for Cartier jewellery and IWC watches, declined to comment.

Switzerland-based Richemont, which has reshuffled its management to address problems at its watch brands, failed to sell Lancel in 2013 and restructured it instead.

Its “Other” division, which also includes Montblanc pens, Alfred Dunhill clothing and Chloe handbags, represents around 17 percent of group sales and has been struggling for years with Dunhill and Lancel just recently returning to sales growth.

Analysts estimate Lancel sales at 130-150 million euros.

Exane BNP Parisbas’ Luca Solca said he expected Lancel to post an annual loss of “at least 40 million euros” and added the divestment would be a small positive for Richemont.

Kepler Cheuvreux’s Jon Cox said the business might be breaking even now after the most recent turnaround attempts, but he could not imagine a sales price multiple of more than one times sales.

“It is a positive in terms of a renewed sense of urgency at Richemont,” Cox said, adding the focus would now shift to Dunhill even though it was now showing signs of stabilization.

For Bologna-based Piquadro with its 76 million euros in annual sales and 99 boutiques, the acquisition of Lancel would represent a major step after it acquired Tuscan leather goods maker The Bridge at the end of 2016.

Shares in Piquadro were up 3.4 percent to 1.81 euros at 1330 GMT, while shares in Richemont were flat at 84.78 Swiss francs.

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