The long-established Italian shoe brand Bruno Magli was founded in Bologna in 1936 and later acquired by the private equity fund Opera. In 2007, it again transferred to the British investment fund Fortelus Capital. Currently operating categories include shoes, bags, small leather goods, and the introduction of men and women clothing micro series.
A consortium of Korea-based E-Land and Hong Kong-based private equity fund CDIB Capital entered the exclusive negotiation stage for the acquisition of Bruno Magli and is expected to close next month.
Yi Lian Group was founded in 1980. It consists of 60 branches and nearly 200 brands. It has more than 10,000 stores worldwide. In 2012, the Group’s sales revenue was approximately US$8 billion.
Since 2010, Yi Lian Group has successively acquired four Italian leather goods and fashion brands: Lario, Belfe, Mandarina Duck and Cochinelle - the Mandarina Duck acquired in 2011 cost US$66 million (including debt). Yi Lian also established a joint venture with the Kate Spade brand in the United States to open up the Chinese mainland market.
CDIB Capital is a subsidiary of China Development Finance Holding Corporation in Taiwan. The company was founded in 1959 and has total assets of US$17 billion.
A candle is an ignitable wick embedded in wax, or another flammable solid substance such as tallow, that provides light, and in some cases, a fragrance. A candle can also provide heat, or be used as a method of keeping time. The candle can be used during the event of a power outage to provide light.
For a candle to burn, a heat source is used to light the candle's wick, which melts and vaporizes a small amount of fuel. Once vaporized, the fuel combines with oxygen in the atmosphere to ignite and form a constant flame. This flame provides sufficient heat to keep the candle burning via a self-sustaining chain of events: the heat of the flame melts the top of the mass of solid fuel; the liquefied fuel then moves upward through the wick via capillary action; the liquefied fuel finally vaporizes to burn within the candle's flame.
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