LVMH buys 10% of Ochirly for USD200 million
L Capital, investment vehicle of LVMH, has acquired a 10% stake of the Chinese fashion brand Ochirly, part of Trendy Group. The deal is worth USD200 million and is the first allowing the French luxury giant to set foot at mainland China. The ´South China Morning Post´ reported that L Capital Asia paid USD200 million for the stake in Ochirly, a...
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