Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 26 November 2018, 14:42 HKT/SGT
Share:
    

Source: Sitoy Group Holdings Limited
a.testoni becomes part of Sitoy Group Holdings Ltd.

HONG KONG, Nov 26, 2018 - (ACN Newswire) - Sitoy Group Holdings Ltd and a.testoni today announce the acquisition of the Italian luxury brand by the Hong Kong based group. Sitoy's investment will allow a.testoni to maintain its identity, maximising its artisanal heritage and DNA through a rejuvenated long-term vision and strategy to drive the brand's ongoing development and growth in the 21st century.

"We are very pleased to welcome a.testoni as a part of the Sitoy Group and work together to realize the full potential of the brand. As we celebrate our 50th anniversary this year, the acquisition marks an important milestone in the transformation of our retail and brand management business into a global dimension", said the Chairman of Sitoy, Mr. Michael Yeung Wah Keung.

Mr. Bruno Fantechi, CEO of a.testoni said, "This important acquisition comes after many years of fruitful partnership in Mainland China, where Sitoy has been a key partner in developing the brand's distribution. It recognises the inherent value in the brand's unique levels of quality, craftsmanship and innovation which will drive significant future growth and development."

More Information:
a.testoni, established in 1929 in Bologna, Italy, is a worldwide symbol of the excellence of "Made in Italy". From its strong craftsmanship roots, the company has grown into an international luxury brand through constant innovation and design research. Sold through a network of 40 directly operated stores as well as multiple franchise stores and wholesale partners, the Brand is sought out for its unique combination of heritage, artisanal construction techniques and innovation in use of materials and design.

www.testoni.com

Sitoy Group Holdings Limited, a Hong Kong based company listed on the Hong Kong Stock Exchange (SEHK:1023), was founded in 1968. Today it is one of the world's leading manufacturers of handbags, small leather goods, luggage and travel goods, with a growing retail and brand management portfolio, adopting a vertical integration strategy. Sitoy is a significant partner to premium and luxury international brands in both arenas.

www.sitoy.com



Nov 26, 2018 14:42 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Cherrypicks, Subsidiary of NetDragon, Recognized by SIIA as Best Coding & Computational Thinking Solution  
June 26, 2019 21:02 HKT/SGT
Singapore's Drug Development Efforts Given Additional Momentum with National Platforms  
June 26, 2019 20:00 HKT/SGT
CIMC Vehicles Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange  
June 26, 2019 19:18 HKT/SGT
Technology drives new era of fashion e-commerce  
June 26, 2019 18:00 HKT/SGT
Acclaimed English-language authors fire the imagination  
June 26, 2019 18:00 HKT/SGT
Hitachi Automotive Systems Stereo Camera Adopted in Suzuki's EVERY Light Commercial Vehicle and EVERY WAGON Light Passenger Vehicle   
June 26, 2019 17:05 HKT/SGT
NEC Participates in INTERPOL World 2019   
June 26, 2019 17:04 HKT/SGT
The Potential of Core Blockchain Project SCRY.INFO  
June 26, 2019 12:00 HKT/SGT
Mitsubishi Motors North America to Relocate U.S. Headquarters to Franklin, Tennessee  
June 26, 2019 09:22 HKT/SGT
AIR Worldwide Releases Expanded Inland Flood Model for Central Europe  
June 26, 2019 09:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: