Fashion brand TOM TAILOR lays foundations for further enhancing its successful positioning in the casual lifestyle segment

Hamburg (ots) -

- Tom Tailor GmbH (TOM TAILOR) retains its long-term strategic investor with
extensive industry experience following its complete takeover by Fosun
International Limited
- Based on the milestones it has already achieved, TOM TAILOR will implement its
development plan by taking specific strategic and operational measures
- The TOM TAILOR brand's product portfolio puts it in an ideal position to
benefit from the mega-trend of "casualisation", which is being reinforced by
COVID-19
- Financing structure secured and prolonged until September 2024

Fosun International Limited (Fosun) has closed the purchase agreement to acquire
100 percent of the shares in Tom Tailor GmbH on September 17th. The deal enables
the TOM TAILOR fashion brand to continue counting on the long-term support of
its existing investor.

"Since first becoming a shareholder in 2014, Fosun has been a reliable partner
in its commitment to TOM TAILOR - and has always believed in the brand and
continued to invest in it, even in particularly challenging times," said Gernot
Lenz, CEO of Tom Tailor GmbH. "The knowledge and experience we have gained
together over the past six years make Fosun the ideal partner to lead TOM TAILOR
successfully into the future after the crisis triggered by coronavirus."

Fosun will continue to provide Tom Tailor GmbH with intensive financial and
strategic support. This strategic investment should create clear added value for
the TOM TAILOR brand and Fosun and open up further growth opportunities in the
medium to long term.

"Fosun is committed to making long-term strategic investments in companies that
offer high-quality products and services to families around the world,"
explained Xu Xiaoliang, Co-CEO of Fosun International. "As one of Central
Europe's best known fashion brands, TOM TAILOR has developed a solid market
base, benefits from an extremely high level of trust among consumers and trading
partners, and has a fully developed supply chain and logistics system. We
therefore firmly believe that Tom Tailor GmbH will become an even more capable
and more profitable partner for us."

Given the TOM TAILOR brand's solid financial performance before the COVID-19
crisis, management is confident that Tom Tailor GmbH will successfully master
its current and future challenges and will be able to build on the growth
recorded in 2019 no later than 2022.

With an owner that is focused on the long term and with financing secured until
September 2024, TOM TAILOR is able to continue implementing its operational and
strategic goals. The additional financing facility of 100M EUR which became