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LVMH Group picks stake in Chinese clothing firm

23
Dec '11
A private equity arm of the world's largest luxury goods company recently invested in a Chinese clothing company.

Private equity fund - LCapitalAsia owned by the world's largest French luxury goods group - LVMH became the second largest shareholder in China Yan He (Xiamen) clothing company.

This is the first investment of LVMH Group in China. LVMH owns global luxury brands like Louis Vutton, Christian Dior, etc.

Global investors are eyeing the Chinese luxury goods market considering the rate at which it is growing.

In a report on Chinese luxury market, Bain Capital said, “In 2012, the Chinese luxury goods market will overstake Japan in trade and consumption”.

It adds, “The Chinese luxury goods market in 2011 will for the first time cross 100 billion Yuan in revenues”.

Fibre2fashion News Desk


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