82 426
Fashion Jobs
SACK OFF 5TH
Asset Protection Uniform Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Investigator
Permanent · SHREWSBURY
SACK OFF 5TH
Fulfillment Associate Part-Time
Permanent · LAWRENCEVILLE
NGG
Sales Supervisor
Permanent · NEW YORK
COTY
Assistant Marketing Manager, us Luxury - Burberry Makeup
Permanent · NEW YORK
NORTH CAROLINA STATE
Enterprise Research Administration Training Manager
Permanent · RALEIGH
NORTH CAROLINA STATE
Academic Coordinator
Permanent · RALEIGH
CENTRIC BRANDS
(Assistant) Manager, Logistics (Origin Carriers)
Permanent · NEW YORK
CENTRIC BRANDS
Keyholder, Robert Graham - Scottsdale
Permanent · SCOTTSDALE
CENTRIC BRANDS
Keyholder, Robert Graham - Las Vegas (Forum Shops)
Permanent · LAS VEGAS
MICHAEL KORS
PT Sales Supervisor, Walt Whitman Shops Huntington Station NY 11746
Permanent · HUNTINGTON
JCREW
Associate Manager
Permanent · CHARLOTTE
RAG & BONE
Account Executive
Permanent · NEW YORK
RAG & BONE
Senior Coordinator, Retail Marketing
Permanent · NEW YORK
MACY'S
Manager, Asset Protection
Permanent · FRIENDSWOOD
MACY'S
Asset Protection Detective, Southlake Mall - Part Time
Permanent · CLAYTON
MACY'S
Asset Protection Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Asset Protection Lead Detective - Multi-Store, South Shore Plaza - Full Time
Permanent · BRAINTREE
MACY'S
Manager, Asset Protection - Multi-Store
Permanent · FAIRVIEW HEIGHTS
STAND OUT FOR GOOD
Brand Rep
Permanent · LEAWOOD
RALPH LAUREN
Associate Manager
Permanent · TEXAS CITY
RALPH LAUREN
Associate Manager
Permanent · LEEDS
Published
Dec 9, 2016
Download
Download the article
Print
Text size

Hyundai Department Store buys SK's brands, creates K-fashion giant

Published
Dec 9, 2016

South Korea’s Hyundai Department Store is creating a giant fashion business as it buys SK Networks’ fashion operations for KRW326.1bn (£220m/$284m). The purchase should be completed by February at which point SK Networks will quit the fashion sector.

The deal comes as Koreran fashion is more in the spotlight tnan ever with South Korean brands and the country's pop culture being a huge influence on the Asian region and beyond.


Rouge & Lounge is one of the labels that will move to Hyundai Department Store


The two companies on Thursday inked a deal to merge SKN’s 12 fashion brands into Hyundai’s Handsome fashion unit as the latter company continues its aim of becoming the country’s top fashion player.

Handsome has annual sales of KRW750bn and with SKN’s KRW600bn added in, the merged group becomes the fourth largest fashion company in South Korea behind E-Land, Samsung C&T and LF.

Hyundai said it would retain the 400 SKN designers, merchandisers, marketers and production staff, guaranteeing their jobs for five years. But it added that the deal will create synergies.

Analysts said the two businesses are a good fit and are unlikely to cannibalise each other’s trade as Handsome is known largely for its local womenswear brands while SKN is a major importer of global labels such as Tommy Hilfiger, DKNY, Club Monaco and American Eagle.

However, until the deal completes, it also owns a number of house-brands, including Obzee, O’2nd and Rouge & Lounge.

Copyright © 2024 FashionNetwork.com All rights reserved.