LVMH fund buys stake in Chinese fashion brand

By Xu Junqian | China Daily | Updated: 2012-02-10 07:38

A LVMH Moet Hennessy Louis Vuitton SA store in Shanghai. Analysts said an increasing amount of international capital is being invested in the world's second-largest luxury market. [Qilai Shen / Bloomberg]

Women's clothing company Ochirly reportedly valued at $2 billion

SHANGHAI - The Chinese investment company CITIC Group is joining with a private-equity fund financed by the French luxury giant LVMH Moet Hennessy Louis Vuitton SA to buy a 10 percent stake in the Chinese fashion brand Ochirly, the South China Morning Post reported on Thursday.