Kering ups its focus on leathergoods while Richemont veers away
23/10/2013
Conversely, Switzerland’s Richemont is looking to inject up to about EUR 20 million into loss-making French leathergoods maker Lancel to entice buyers, reported Reuters, quoting sources familiar with the matters.
"I understand that Richemont is ready to finance some of Lancel's losses," one of the sources said.
Turnaround specialist Change Capital and consumer goods expert Lion Capital are among the few that have expressed strong interest. Asian group Swire is also looking to team up with a private equity firm to make a bid, sources said.
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