Chinese Buyers Showing Renewed Interest in Global Luxury Deals
As recently reported in Footwear News, large Chinese corporations have been especially active acquirers of iconic Western luxury brands in the first half of 2018. In one notable deal, Fosun International Ltd., a Shanghai-based conglomerate, purchased a majority stake in French fashion house Lanvin. Likewise, Shandong Ruyi Technology Group Co., a large Chinese textile firm, acquired a controlling stake in Swiss apparel and leather accessories brand Bally.
Recent Harris Williams & Co. experience reflects these headlines, according to professionals Daniel Wang, Corey Benjamin, and Christopher Darlington. In this article, Wang, Benjamin, and Darlington discuss the enduring appeal of global luxury brands, the trends bolstering Chinese participation in deals, and the evolving strategies of Chinese buyers.
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