Hong Kong tycoon Silas Chou hails from a renowned family of textile and apparel manufacturers. But it was when he acquired Tommy Hilfiger in 1989, with associate Lawrence Stroll, that he became a big player in the global fashion industry. He is something of an elder statesman in the country who has helped create billions in financial value.
Chou oversees one of the most significant operations in the global fashion supply scene. with extensive textile mills, denim plants and design factories located in China, Vietnam and South Asia. Over the years he has invested in brands including Karl Lagerfeld and Pepe Jeans, and launched Iconix China Group, which run by his daughter Veronica and distributes fashion brands like Badgley Mischka and Ed Hardy in the country.
The jewel in his crown, though, is Michael Kors , which went public in 2011 and was valued in September 2014 at close to $15 billion. The 2011 Michael Kors IPO is also recorded as one of the most record-breaking offerings for a luxury brand.
Chou's influence goes beyond acquiring and growing fashion brands; it was recently announced that he would provide financial support for the CFDA/Vogue Fashion Fund’s China Exchange programme, underscoring Mr Chou’s emergence as something of an elder statesman in China fashion.