The Limited Times

Now you can see non-English news...

The mirage of corporate takeovers by China

2022-01-13T17:46:50.341Z

The cases of Chinese investors who came to France full of promises before failing, are multiplying. Love stories end badly, in general. Many French companies could use this Rita Mitsouko refrain to depict their marriage with Chinese investors. Starting with the tricolor nugget of accessible luxury ready-to-wear SMCP (Sandro, Maje, Claudie Pierlot, de Fursac). This Friday, the general assembly meeting in Paris should vote on the ousting of the board of directors of the five Chinese linked to the



Love stories end badly, in general.

Many French companies could use this Rita Mitsouko refrain to depict their marriage with Chinese investors.

Starting with the tricolor nugget of accessible luxury ready-to-wear SMCP (Sandro, Maje, Claudie Pierlot, de Fursac).

This Friday, the general assembly meeting in Paris should vote on the ousting of the board of directors of the five Chinese linked to the Shandong Ruyi group, former majority shareholder via its subsidiary European TopSoho.

One more episode in the Homeric battle between this Chinese group and its Western creditors.

Read also

Sandro and Maje could soon no longer be Chinese

It all started well in 2016, when Shandong Ruyi bought 53% of SMCP.

This powerful textile group then promised to help the French company to accelerate in the Middle Kingdom.

An argument that Chinese investors have repeatedly put forward.

In 2018, the children's fashion specialist Semir acquired Kidiliz, the former Zannier group…

This article is for subscribers only.

You have 90% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All business articles on 2022-01-13

You may like

News/Politics 2022-04-27T14:17:25.907Z
Tech/Game 2022-04-14T15:23:33.102Z
Life/Entertain 2022-04-26T00:52:00.871Z

Trends 24h

Latest

© Communities 2019 - Privacy