LVMH fund buys stake in Chinese fashion brand
By Xu Junqian | China Daily | Updated: 2012-02-10 07:38
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A LVMH Moet Hennessy Louis Vuitton SA store in Shanghai. Analysts said an increasing amount of international capital is being invested in the world's second-largest luxury market. [Qilai Shen / Bloomberg] |
Women's clothing company Ochirly reportedly valued at $2 billion
SHANGHAI - The Chinese investment company CITIC Group is joining with a private-equity fund financed by the French luxury giant LVMH Moet Hennessy Louis Vuitton SA to buy a 10 percent stake in the Chinese fashion brand Ochirly, the South China Morning Post reported on Thursday.
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