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Arnault family’s investment group looks to China

The investment arm of family-controlled LVMH and Groupe Arnault has purchased a stake in Trendy International Group, as it looks to increase its exposure to China.

The investment arm of family-controlled LVMH and Groupe Arnault has purchased a stake in Trendy International Group, as it looks to increase its exposure to China.

L Capital purchased a 10% stake in the fashion company along with a Chinese partner in a deal reportedly worth $200 million (€152 million).

A spokeswoman for L Capital confirmed the deal, which is thought to be the first time the investment group has taken a direct stake in a mainland Chinese company.

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