LVMH Or Shares Of Yao Lai Group For Us $100 Million

It is reported that mainland luxury cars, top jewellery, and so on are listed in Hong Kong. Clothes & Accessories Yolai group, a luxury goods agent such as famous liquor, has taken the lead by a heavyweight shareholder and is the biggest luxury goods dealer in the world. LVMH (MOET & CHANDON Hennessy Louis Weedon) group has basically reached an agreement in all aspects of strategic cooperation and equity trading. LVMH group's investment fund L Capital will invest 100 million dollars in shares of Yao Lai Group, which accounts for about 25%, which is about 50% higher than the current market value. After the completion of the transaction, LVMH group will become the second largest shareholder of the Yao Lai Group.

It is reported that the decline in the growth rate of overseas markets has made LVMH group increasingly aware of the importance of China's market share in its global share growth. It has attached great importance to its high net worth customer groups and extensive sales channels accumulated over the past years. It wants to integrate its high-end product lines into the channel of Yao Lai, and the group itself is also increasing the share and proportion of other luxury goods other than luxury cars, so the negotiations between the two sides are relatively smooth.

The three luxury giants are active in China because they are looking for new growth engines. According to data from KPMG (KPMG), sales of luxury goods dropped by 8% last year, but sales in China increased by 12%, and the luxury market in China was about 10 billion dollars.

LVMH group's private equity business has been in the history of more than ten years. It was founded by LVMH group in 2001 for $640 million. The LCapital Asia fund is a continuation of this business in Asia. Among them, China and India are the two major markets they focus on. Fashion industry Beauty, health care, home accessories, The Inn Boutique, entertainment media and personal education.

It has invested in the Asian region, including China's largest watch retailer Hendry, imperial Watch Jewellery Limited, Ou Shili (Ochirly) brand parent company Heji International Group, Ming Feng Jewelry Group Limited, Xin he (Xiamen) Garments Co., Ltd. and Singapore Charles& Keith, Shi Shi Xing and India Genesis Luxury and other projects.