Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue January 2015
 •  Do You Like Money?  •  Unilever Starts Omo Production in China  •  Shot To The Body  •  Jumei Bulks Up Beauty Roster  •  Issac Mizrahi Expands Into Beauty
Print

Li Ka-shing To Buy Marionnaud Parfumeries



Published December 9, 2005
Related Searches: founder growth retail
Post a comment
PARIS: Hong Kong retail magnate Li Ka-shing has agreed to buy ailing French retailer Marionnaud Parfumeries SA, injecting Parisian cachet into his Hutchinson Whampoa Ltd. empire by acquiring one of the leading perfume and cosmetic vendors in Europe.
“It’s a happy marriage for us,” said Marionnaud founder Marcel Frydman, whose family controls about a third of its voting rights. He added that the goal was “lasting and profitable growth” and insisted job cuts were not planned.


blog comments powered by Disqus