Hong Kong tycoon Henry Cheng makes bid for Giordano clothing chain

Shareholder rejects 'cheeky' offer as 'far below fair value'

20220624 Giordano

Giordano was an early pioneer of casual fashion in Asia that helped inspire Japan's Tadashi Yanai, chief executive of Uniqlo's parent company. (Photo by Kenji Kawase)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- Hong Kong's Cheng family, which controls Asia's largest jewelry store chain and several shopping malls in the city, is bidding to take control of storied clothing retailer Giordano International.

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