Financial and Banking News
Investcorp Hives Off Gucci, Chaumet Stakes
The Bahrain-based Arabian Investment Banking Corporation (Investcorp) hasstarted hiving off its holdings in the Italian fashion designer Guccio Gucci SpAand the French jeweller Chaumet & Cie and its erstwhile watch makingsubsidiary, Breguet SA. Investcorp is placing 1,350 $100,000 shares in aspecially-formed holding company, Luxury Holdings Ltd., which holds 28% ofGucci...
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