Topic
Giordanoi
Giordano International is a Hong Kong-based retailer of men's, women's and children's clothing founded in 1981 by Jimmy Lai, who sold the company in 1996. The company listed in Hong Kong in 1991.
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- Takeover deal has collapsed after it failed to meet the 50 per cent shareholder threshold set out in the offer documents
- Chow Tai Fook Nominee said it will continue to proactively assist in the business development of Giordano, and maintain a dialogue
Clear Prosper Global, owned by the family of Hong Kong billionaire Henry Cheng, has offered to buy 75.4 per cent of Giordano International it does not already own.
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Casual clothing chain Giordano International posted a 1 per cent increase in annual revenue to HK$5.67 billion last year despite sales on the mainland and Taiwan declining amid weaker demand.
