LVMH'S Fund Launched Its First Project In China
It owns LV bags, Hennessy, Bvlgari and so on.
Numerous
The international luxury brand luxury luxury group MOET & CHANDON Hennessy LV (LVMH, Louis Weedon) launched its first project investment in China.
On the 13 day, LVMH holding private equity fund LCapitalAsia (referred to as LV Fund) signed a strategic investment cooperation agreement with Xin he (Xiamen) Garments Co., Ltd. (referred to as "Xin He"). The former became the second largest shareholder of the latter.
Xin he general manager Luo Yonghui told reporters, LV
fund
He will invest in huge sum of money in Xin He company.
However, neither the two sides disclosed yesterday about the specific amount and equity institutions.
"We are positioned in the high-end, the main sales channels in China's department stores, currently there are more than 600 nationwide.
monopoly
Store, "Luo Yonghui said," the company's sales will reach 2 billion 800 million yuan this year.
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