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Top Form eyes Dior arm

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TOP Form International is finalising a deal to acquire the lingerie division of Christian Dior in Paris.

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Chairman Frank Lo Kit-lun yesterday confirmed the company was negotiating to buy the division with international marketing rights in most places, but not the United States or Japan.

He refused to disclose the likely price, expected to be finalised within the next two weeks.

The lingerie division is a loss-making unit.

Next week, Top Form is expected to announce an agreement with Paris-based department store Printemps to provide technology support for its joint venture in Shanghai.

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Top Form is setting up a US$210 million joint-venture commercial complex in Shanghai.

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