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Delvaux in talks with Li & Fung

05/08/2011

The company that claims to be the oldest luxury leathergoods brand in the world may soon have new Asian owners. Reports from Belgium say 180-year-old Brussels-based Delvaux is in exclusive talks with the Li & Fung Group. The proposal is that Li & Fung could take a majority shareholding in the Belgian company, supplying it with enough capital to...

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