ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday offered …
Read More »Chinese firm buys 253-yr-old crystal maker Baccarat
Bloomberg French crystal maker Baccarat is changing hands 253 years after it was founded by royal decree of King Louis XV. Chinese investment company Fortune Fountain Capital Ltd. is buying a controlling stake from Baccarat’s private-equity owners for about 164 million euros ($184 million), according to a statement. The deal ends more than a decade of ownership by Starwood Capital, …
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