Hermes Buys the Store of Asprey at Bond Street
September 29th, 2009
The jewelry and accessories of luxury brand Asprey is one of the corners enviable of Bond Street in London and now it seems that this property will be a new name on the door. The Observer reports that Hermès will buy not only the store of Asprey but perhaps also the entire enterprise. Hermès going to buy the building Quinlan which is headed by Derek Quinlan in the private sector. According to reports Hermes is better than the store Chanel.
In a market of luxury difficult, Hermès has continued to shine while viewing of the profits at a time when most of the other marks were at the edge of the bankruptcy. We cannot say as much for Asprey, which has recently gone through a period of two consecutive losses with sales from 17 million pounds to £ 13 million.
Hermès has not been in the business of acquisitions and has followed the completion of her choice of expansion of a modest way and has concentrated on their strengths, but Asprey has not the kind of history and tradition, which would have liked to Hermes.
The Observer formula the assumption that the sale could provide an infusion of funds necessary for Derek Quinlan, whose portfolio was a big hole the previous year.
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Categories: Jewelry
