AAA LVMH buys a cut of Trendy

LVMH buys a cut of Trendy

L Capital Asia, a corporate venturing fund representing consumer brands conglomerate LVMH, acquired a 10% stake in China-based women’s clothing company Ochirly on Friday, paying a reported $200m.

The investment was made in partnership with the corporate venturing division of state-owned financial conglomerate the China Citic Group, and the stake was acquired from Ochirly’s parent company, Trendy International Group.

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