Global fashion brands the new M&A targets
By Wang Zhuoqiong | China Daily | Updated: 2018-02-22 07:44
Investors hope to cash in on luxury-savvy worldwide-shopping Chinese consumers
Chinese investors are eyeing renowned but struggling international fashion brands in an effort to cash in on luxury-savvy and global shopping Chinese consumers.
A report in the Sunday Times suggested that the billionaire owner of brands including Topshop, Burton and Wallis was in talks with Chinese textiles group Shandong Ruyi, which only last week bought Swiss luxury brand Bally.
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