The World'S Three Largest Luxury Goods Giant Bought Kirin Jewelry

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< p > Beijing time December 10th, the world's third largest luxury magnate, France, < a href= "http://www.91se91.com/news/index_c.asp > > Paris spring group" /a "(PPR SA), announced on Sunday that it bought most of the jewelry of China's jewellery, and the price was not disclosed.

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< p > PPR said in the announcement, < a href= "http://www.91se91.com/news/index_h.asp" > Unicorn jewelry > /a > has 14 boutiques, including 7 in mainland China, 4 in Hongkong, 3 in Europe, and its jewels are available in Paris, klaette and Tokyo.

The deal is likely to end in January.

PPR CEO Francois Pinault Francois-Henri said: "PPR has great ambitions for Kirin."

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According to Bloomberg, PPR said in July that it was negotiating to acquire a Chinese luxury goods company to support the growth of its high-end products in the Chinese market, P reported.

Paris spring owns many brands including PO Tejia, Puma, YSL and Alexander McQueen. Now it plans to restructure to focus on luxury products, sports products and lifestyle products, and increase sales to 24 billion euros by 2020.

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"P" PPR sold furniture retailer Conforama last year. In October this year, it agreed to sell US sports and leisure business of its online retailer red cat group (Redcats) for $215 million. Last week, it agreed to sell red cat's "a" href= "http://www.91se91.com/news/index_f.asp" > big code "/a" business, valued at $525 million.

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< p > PPR also plans to split music and electronic chain corporation Fnac in 2013, and says it will take part of the divestiture assets for acquisitions.

Pino said the company is interested in small and medium-sized luxury goods and sports goods producers with growth potential.

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Last year, PPR agreed to buy Italy garment manufacturer Brioni Roman Style SpA at a price of less than 350 million euros. At the same time, it also bought a surfer and ski wear manufacturer Volcom company for 608 million US dollars for P.

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