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.

Advertisement
  • The family of Henry Cheng, Hong Kong’s third-richest person, is apparel retailer Giordano’s biggest shareholder with a stake of about 24.1 per cent
  • The family wants to replace CEO Peter Lau with Colin Currie and also appoint two of Henry’s children, Sonia and Christopher, as non-executive directors

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.

Advertisement
Advertisement

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.