Kai Yun Group acquired 100% stake in Athens, Sweden table

Yesterday, Kering SA (KER.PA) of Kaiyun Group and Ulysse Nardin, the watch manufacturer of Athens, also announced that Kaiyun Group acquired the entire share capital of the Athens Table in Switzerland. Formerly known as PPR (abbreviation for "Pinault-Printemps-Redoute"), Kering was renamed as the current name after approval of the shareholders' meeting on June 18, 2013 , Is an international listed company mainly engaged in apparel and high-end accessories. It owns a large number of well-known brands. At present, fashion brands include GUCCI, Bottega Veneta, Saint Laurent, Alexander McQueen )Wait. Watches and jewelery brands include Boucheron, Girard-Perregaux, JeanRichard, Qeelin and Ulysse Nardin, which was just announced its wholly owned acquisition yesterday.

Ulysse Nardin Athens Table current annual output of 30,000, the turnover of about 250 million Swiss francs. After becoming a member of Kaiyun Group, the Athens Table of Switzerland will continue to inherit the family spirit of the brand. Kaiyun Group will support the consistent innovation concept of the Athens Table of Switzerland and ensure the continuous global growth and the vigorous development of the brand's own movement in the future. This marks a new milestone in the history of the Swiss table in Athens!

Kai Yun Group announced the acquisition of the Athens table at the same time released earnings, but did not disclose the details of the transaction. As of the end of June 2014, Kaiping Group's operating profit from continuing operations decreased by 3.9%. Kering SA's operating profit in the first half actually recorded 801.2 million euros, down 1.9% from the same period of last year. Sales of Gucci Gucci, the Group's most important luxury brand, plummeted 4.5% to 1,676.3 million euros, representing a 1.1% loss on a comparable basis. The performance of Gucci Guggenheim continued to slump. The 5.7% decline in the second quarter was further dwindling from 3.2% in the first quarter. Group CFO Jean-Marc Duplaix said the Gucci Gucci second quarter sales decline was mainly affected by China, Hong Kong, Taiwan, Singapore and Japan, while China, Japan and Russia, tourists in Europe, slowing growth in tourism consumption in Europe lead to weakness , But he pointed out that the North American region performed well.

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