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LVMH files public offer regarding taking full control of Christian Dior

Tuesday, 23 May 2017 01:30am EDT

PARIS, May 23 (Reuters) - LVMH ::* Arnault family company's Semyrhamis filed with the French AMF on May 22 the simplified mixed offer for all Christian Dior shares not currently held by the Arnault Family Group.* The board of directors of Christian Dior unanimously recommendeded that Christian Dior shareholders tender their shares to the offer.* French billionaire Bernard Arnault had earlier announced plans to combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro ($13 billion) move to simplify his business interests - a restructuring long demanded by other investors. nL8N1HX0WG.

LVMH files public offer regarding taking full control of Christian Dior

Tuesday, 23 May 2017 12:30am EDT

PARIS, May 23 (Reuters) - LVMH ::* Arnault family company's Semyrhamis filed with the French AMF on May 22 the simplified mixed offer for all Christian Dior shares not currently held by the Arnault Family Group.* The board of directors of Christian Dior unanimously recommendeded that Christian Dior shareholders tender their shares to the offer.* French billionaire Bernard Arnault had earlier announced plans to combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro ($13 billion) move to simplify his business interests - a restructuring long demanded by other investors. nL8N1HX0WG.

Ernest Borel Holdings entered into non-legally binding MOU

Thursday, 11 May 2017 09:40am EDT

May 11 (Reuters) - Ernest Borel Holdings Ltd <1856.HK>::Entered into non-legally binding mou with vendor.Mou in relation to its proposed acquisition of entire issued share capital of target company.Proposed consideration for proposed acquisition is expected to be about HK$50 million.Target company is Top Win International Trading Limited.Co shall pay a refundable initial deposit in amount of HK$25 million to vendor within 5 business days from date of MOU.

Fiyta Holdings to dissolve three sub-subsidiaries

Wednesday, 10 May 2017 01:42am EDT

May 10(Reuters) - Fiyta Holdings Ltd <000026.SZ> ::* Says it will dissolve 3 wholly owned sub-subsidiaries.

Fossil Group reports Q1 sales $582 million

Tuesday, 9 May 2017 04:01pm EDT

May 9 (Reuters) - Fossil Group Inc :Fossil Group, Inc. reports first quarter fiscal year 2017 results.Q1 loss per share $1.00.Sees FY 2017 sales down 1.5 to 6 percent.Q1 sales $582 million versus I/B/E/S view $590.5 million.Q1 earnings per share view $-0.34 -- Thomson Reuters I/B/E/S.Fossil Group Inc sees Q2 of fiscal 2017 GAAP net sales to decline in range of 11.5% to 8.0%.Fossil Group Inc sees Q2 of fiscal 2017 GAAP diluted loss per share in range of $1.00 to $0.83, including $0.15 of restructuring charges.FY2017 earnings per share view $0.91, revenue view $2.93 billion -- Thomson Reuters I/B/E/S.

Jewellery maker Pandora Q1 core profit, sales beats forecast, maintains 2017 outlook

Tuesday, 9 May 2017 01:32am EDT

May 9 (Reuters) - Pandora :Pandora reports 9 percent revenue growth and continued strong profitability.Q1 revenue 5,159 million DKK versus 5,086 million seen in Reuters poll (Q1 2016 4,740 million DKK).Q1 EBITDA 1,879 million DKK versus 1,779 million seen in Reuters poll (Q1 2016 1,760 million DKK).Says full-year guidance remains unchanged including group revenue of DKK 23-24 billion and EBITDA margin of approximately 38 percent.Says related to Q1 2017 results, Pandora will pay out a quarterly dividend of DKK 9 per share to shareholders (corresponding to DKK 1,006 million).CEO says retail climate in United States remains difficult, which was reflected in our performance in us for quarter.EBITDA margin is still expected to be significantly lower in the first half of 2017 compared with the second half.PANDORA plans to continue the expansion of the store network and expects to add more than 275 new concept stores in 2017 of which roughly 50 percent are expected to be opened in EMEA, 25 percent in Americas and 25 percent in Asia Pacific.

Modern Avenue Group gets approval to dissolve Guangzhou-based sub-subsidiary

Friday, 28 Apr 2017 04:38am EDT

April 28 (Reuters) - Modern Avenue Group Co Ltd <002656.SZ> ::* Says it got approval to dissolve Guangzhou-based wholesale sub-subsidiary .

Aotecar New Energy Technology sees H1 2017 net profit up 1.0-23.5 pct

Thursday, 27 Apr 2017 05:38am EDT

April 27 (Reuters) - Aotecar New Energy Technology Co Ltd <002239.SZ>: :* Sees net profit for H1 2017 to increase by 1.0 percent to 23.5 percent, or to be 180 million yuan to 220 million yuan, compared to net profit of the same period in 2016 (178.1 million yuan).* Comments that increased sales of main business is the main reason for the forecast.

Zhejiang Semir Garment sees H1 FY 2017 net profit up 0 pct to 30 pct

Thursday, 27 Apr 2017 01:28am EDT

April 27(Reuters) - Zhejiang Semir Garment Co Ltd <002563.SZ>:Sees H1 FY 2017 net profit to increase by 0 percent to 30 percent, or to be 512.6 million yuan to 666.3 million yuan.Says H1 FY 2016 net profit was 512.6 million yuan .Says growth of casual clothes business and children's garments business, and development of Internet business as main reasons for the forecast.

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