Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>Business

Gucci owner buys in Chinese jeweler

(China Daily)

08:46, December 12, 2012

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.

We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea

Email|Print|Comments(Editor:黄蓓蓓、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's WZ-10 armed copters in training

  2. PLA recruits to join army units

  3. Unforgettable moments you cannot miss

  4. Fantastic undersea world in Indonesia

  5. Cumquat market in S China's Guangxi

  6. Apple may launch iPhone 5S in mid-2013

  7. 2013's holiday dates cause upset for some

  8. Carrefour store accused of pricing fraud

Most Popular

Opinions

  1. Cultivating a natural lifestyle at Green City
  2. ASEAN economies poised to keep robust growth
  3. Translation industry needs legislation and regulation
  4. Mo mania's impact on Chinese writing
  5. Turning point in China's economy growth at hand
  6. Long way for CNOOC after Nexen takeover approval
  7. More translations needed for Chinese literature
  8. Commentary: Western powers should drop bias
  9. Stock market needs regulation, not promotion
  10. BRICS economies are not fading

What’s happening in China

Cumquat market in S China's Guangxi

  1. 'Smiling rainbow' brightens city sky
  2. China to protect 1,000 minority villages
  3. Building catches fire in Shanghai's Pudong
  4. Computerized welfare lottery sales hit 100 bln RMB
  5. Foreigners asked to retrace Long March