The acquisition will enable the fashion brand to achieve long-term business development and sustainable growth.
Partner Company Tom Tailor Group was founded in 1962 and since then the launch Tom Tailor has seen the brand grow to become one of the best-known fashion and lifestyle companies in Europe that offers fashionable and affordable clothing and accessories. Fosun International Limited has always taken an active interest in the German fashion brand and became a shareholder in 2014.
The brand will now be a part of Fosun Fashion Group (FFG), an important industry sector within the Fosun ecosystem that continually provides support through investment and strategy advice. Xu Xiaoliang, Co-CEO of Fosun International summarises this: “Fosun is committed to making long-term strategic investments in companies that offer high-quality products and services to families around the world.”
Chief Executive Officer of Tom Tailor, Gernot Lenz commented: “The knowledge and experience we have gained together over the years make Fosun the ideal partner to take Tom Tailor GmbH to the next level once again, both during and after the coronavirus outbreak.”
