Investment in Maison Takuya

RNS Number : 8316U

Symphony International Holdings Ltd

03 January 2012

 



 Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

3 January 2012

Symphony International Holdings Limited ("Symphony" or the "Company")

Investment in a Luxury Leather Company in Singapore

The Company, a leading investor in lifestyle and branded real estate businesses in the Asia-Pacific region, is pleased to announce that it has invested in Maison Takuya, a company producing and marketing luxury leather accessories. Maison Takuya is known for its modern yet understated designs and exquisite quality. The philosophy of Maison Takuya is to combine traditional craftsmanship with modern techniques to create very high quality leather accessories that are designed to appeal to the sophisticated consumer for their quality, functionality and beauty.

Maison Takuya products are available at selected high-end stores globally, including Bergdorf Goodman in New York and Bon Marche in Paris. Its distribution channels include 150 retailers in 12 countries, including Japan, Singapore, Thailand, the United Arab Emirates, France, Monaco, Switzerland and the US. Maison Takuya's aim is to maintain its high standards in craftsmanship while expanding its selective distribution. The investment by Symphony will hasten plans to expand distribution by opening additional stores in selected cities worldwide.

Symphony's investment in this venture is expected to be less than 2% per cent of the Company's net asset value and will be funded from internal sources. The venture provides Symphony with the ability to capitalise on rising consumer demand for luxury goods and lifestyle products in the Asia-Pacific region, in addition to diversifying its current investment portfolio.

For further information, please contact:

Symphony Asia Limited
Sunil Chandiramani	[phone]
FTI Consulting
Neil Doyle	[phone]

No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

End of Announcement

 

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