Ochirly news and archive

Fifty of 2,000 richest people in China have made their fortune in the fashion industry

New York – The fashion and apparel industry in China continues to thrive despite the current tensions with USA taking a toll in the export-import trade between the two economies. ‘China Investment Bank Club’ has published its China’s Richest Report 2019: 51 of them owe their position to their fashion businesses. Over fifty apparel moguls made it...

Fashion

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...