PPR Acquires Chinese Fine Jewelry Brand Qeelin

On Wednesday in New York, François-Henri Pinault, chairman and CEO of PPR, told me he was in the market for more jewelry and watch brands for the luxury portion of the international holdings company’s portfolio. In particular he was looking at the fast-growing Asian market (which almost always means China). He was serious. Sunday, the French company said it acquired a majority stake in the Chinese fine jewelry brand Qeelin. The transaction is expected to be finalized in January 2013.

http://www.forbes.com/sites/anthonydemarco/2012/12/09/ppr-acquires-chinese-fine-jewelry-brand-qeelin/