LVMH Aquires Stake In Chinese Fashion Brand Ochirly
LVMH teamed up with Citic Private Equity Funds to acquire a 10 percent stake in the Chinese fashion brand Ochirly, marking the first time that L Capital (the private equity firm of LVMH) has taken a direct stake in a mainland company.
The family-owned Ochirly is estimated to be worth $2 billion, and the deal is world $200 million.
Nick Debnam, a partner at KPMG said, “China has become the most important market for luxury and the global luxury players are clearly very interested to invest in China. There are a variety of options for investment in China, both in terms of developing existing luxury brands and building new brands.”
Ochirly was founded in the 1990s. It’s a mid-priced brand that boasts about 200 retail locations in China.
Source: Luxury Insider
Like Haute Living Asia? Join our Facebook page or follow us on Twitter @HauteLivingMag. Want Haute Living Asia deliver to your inbox once a week? Sign up for our newsletter.
Related Articles
Rolls Royce Miami Unveils Exclusive Bespoke Pastel Pink for Braman Motors Clients
Rolls Royce Miami debuts exclusive Braman Pink bespoke color, redefining luxury personalization for Braman Motors clients in South Florida.
SHAN Celebrates 40 Years at The St. Regis Residences, Sunny Isles Beach, Miami
Shan marks 40 years of luxury fashion with an oceanfront celebration at St. Regis Sunny Isles, blending heritage craftsmanship and Miami elegance.
My LOUIS XIII Debut: A First Sip with Cellar Master Baptiste Loiseau
Living in the frantic dopamine loop of notifications, we have become a generation obsessed with the visible. We curate our lives for an audience of strangers, confusing the price tag we can display with the value we actually feel. We are loud. We are fast. We are constantly “on,” leaving behind our human senses of touch, stillness, and depth. Instead, we swap them for visual intimacy, constant stimulation, and reach.
Small Space, Big Gains: How Lifters Are Redesigning Home Gyms for Real Life
Home gyms replace crowded gyms as lifters design intentional spaces with multifunction racks, Major Fitness systems, and smart layout planning.
Where the Fashion Crowd Dines and Drinks During NYFW
NYFW dine guide to where the fashion set drinks and dines in New York, from cocktail bars to must know restaurants.
Zendaya Stars in Louis Vuitton’s Campaign Celebrating 130 Years of the Monogram
Zendaya stars in Louis Vuitton’s latest Monogram campaign, marking 130 years of the House’s signature motif.
Latest Stories
Trending Articles
Related Articles
Rolls Royce Miami Unveils Exclusive Bespoke Pastel Pink for Braman Motors Clients
Rolls Royce Miami debuts exclusive Braman Pink bespoke color, redefining luxury personalization for Braman Motors clients in South Florida.
SHAN Celebrates 40 Years at The St. Regis Residences, Sunny Isles Beach, Miami
Shan marks 40 years of luxury fashion with an oceanfront celebration at St. Regis Sunny Isles, blending heritage craftsmanship and Miami elegance.
My LOUIS XIII Debut: A First Sip with Cellar Master Baptiste Loiseau
Living in the frantic dopamine loop of notifications, we have become a generation obsessed with the visible. We curate our lives for an audience of strangers, confusing the price tag we can display with the value we actually feel. We are loud. We are fast. We are constantly “on,” leaving behind our human senses of touch, stillness, and depth. Instead, we swap them for visual intimacy, constant stimulation, and reach.
Small Space, Big Gains: How Lifters Are Redesigning Home Gyms for Real Life
Home gyms replace crowded gyms as lifters design intentional spaces with multifunction racks, Major Fitness systems, and smart layout planning.
Where the Fashion Crowd Dines and Drinks During NYFW
NYFW dine guide to where the fashion set drinks and dines in New York, from cocktail bars to must know restaurants.
Zendaya Stars in Louis Vuitton’s Campaign Celebrating 130 Years of the Monogram
Zendaya stars in Louis Vuitton’s latest Monogram campaign, marking 130 years of the House’s signature motif.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events