With Impressionists on their walls and priceless books on their shelves, Pierre Bergé and his former partner Yves Saint Laurent were the ultimate collectors. But now the art and YSL have gone, Bergé says it’s time ‘to attend the funeral’ of his library
Concerns are growing that the Chinese economy is cooling fast, but the message from financial advisers seems to be ‘don’t panic!’
L Capital, the private equity arm of LVMH has bought the 8 percent stake held by Wolfensohn Capital Partners in unlisted Indian ethnic wear chain Fabindia, two sources with direct knowledge of the matter said to reuters. Fabindia is India‘s largest private platform for products that are made from traditional techniques, skills and hand-based processes. … Read more
LVMH has acquired a 10 per cent stake in China fashion maker Ochirly French luxury giant LVMH has acquired through private equity arm L Capital, a 10 percent stake in mainland fashion maker Ochirly. The deal is worth US$200 million. Ochirly, established in late 1990s, currently operates about 200 retail outlets across the mainland and … Read more