Make me your Homepage
left corner left corner
China Daily Website

What's news

Updated: 2012-12-11 05:50
( China Daily)

Gucci owner buys majority stake in Chinese jeweler

PPR SA, the French owner of Gucci, has acquired a majority stake in Chinese jeweler Qeelin for an undisclosed price to bolster growth in its largest market for high-end goods. Qeelin, whose jewelry sells for HK$20,000 ($2,600) to HK$300,000, has 14 boutiques and is offered in stores such as Colette in Paris and Restir in Tokyo, Paris-based PPR said. The transaction will probably close in January, the company said. More than half of Qeelin's clients are from the Chinese mainland, PPR said.

Bank card consumerconfidence rises in Nov

What's news