China's Semir and French kids fashion group Kidiliz to merge

French kid's fashion group Kidiliz and China’s Semir Group, having a combined turnover of two billion euros (2.4 billion dollars) are in the final stages of merger talks, said a joint-statement released by Semir and Kidiliz. Transaction between the two will culminate into Semir group taking over Kidiliz, leading to the formation of the world’s second largest kidswear companies.