FB News
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.
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.