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Tag: Bell & Ross

  • Chanel buys stake in F.P. Journe parent company

    Chanel buys stake in F.P. Journe parent company

    International fashion brand Chanel has acquired a 20 per cent stake in the parent company of luxury Swiss watch brand F P Journe.

    The investment, the value of which has not been disclosed, follows the purchase of holdings in Romain Gauthier several years ago and Bell & Ross back in 1998.

    A statement by Chanel read that the purchase “is part of the desire to preserve and develop expertise and to support independent watchmakers who share the same values of creation and excellence as Chanel”.

    The sale, according to parent, watchmaker Francois-Paul Journe, was made to preserve the brand given that the watch manufacturing business would not be continued by his descendants.

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  • Offshore investor shows interest in FJ Benjamin

    Offshore investor shows interest in FJ Benjamin

    An international group is seeking to invest in Singapore brand-management company FJ Benjamin, which has such brands as Bell & Ross, Givenchy, Guess and Tom Ford in its portfolio.

    FJ Benjamin says it has entered into a non-binding term sheet, a document that sets out the terms and conditions under which an investment will be made, with an offshore third party.

    This term sheet would be “in relation to a potential transaction which may enhance or unlock shareholder value”, the company said in a release to the Singapore Exchange.

    With mall vacancies in Singapore for the three months to June 30 rising to 7.8 per cent from 7.3 per cent the previous quarter, FJ Benjamin saw its net loss for the fiscal year ended the same date balloon by 35 per cent to about S$23.5 million (US$16.6 million) while revenue fell by 14 per cent to S$253.6 million – its third consecutive year of losses.

    Managing more than 20 brands, FJ Benjamin has 226 stores in eight cities. One of its international labels, Raoul, closed its last store in Singapore, in Paragon mall, in February.