Fashion : OVS travels from Italy to China

Publication

24 March 2017 à 14h59

Updated on 10 May 2019 à 17h56

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1 minute

Publication: 24 March 2017 à 14h59, Updated on 10 May 2019 à 17h56

Reading time: 1 minute

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Publication

24 March 2017 à 14h59

Updated on 10 May 2019 à 17h56

Reading time

1 minute

Publication: 24 March 2017 à 14h59, Updated on 10 May 2019 à 17h56

Reading time: 1 minute

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In late February, the Italian listed retailer OVS (OVS Fashion, OVS Kids, Upim, Upim Kids, Excelsior and Coin department stores) signed a franchise agreement with Li&Fung to open two “OVS Kids” stores in Shanghai.

It targets about 20 Chinese units. Meanwhile, the group has decided to sell its Coin department stores (40 units in Italy, Hungary, Slovakia, Czech Rep. and Greece). The private equity fund BC Partners, one of its owners, has already identified potential Asian buyers.

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