Chinese family office acquired stake in French crystal maker Baccarat for $190 million
Fortune Fountain Capital, a Chinese family office and investment firm, has acquired 88% stake in Baccarat, a French crystal company, for around $190 million.
Founded in 1764, Baccarat is a French luxury brand in high-end crystal products. It manufactures and sells a range of products, including jewelry and accessories, as well as home and decoration products. The jewelry offered by the company includes rings, pendants, necklaces and bracelets, among others. (Fortune Fountain Capital, with Chairlady Coco Chu, is a financial group established by families in Hong Kong and the Mainland China. Its major shareholder comes from the family of Mr. Wang Xizhi, one of the most famous calligraphers in Chinese history. It is active in financial services, wealth management, family office and principal investment, with its business and client portfolio spreading across Asia, North America and Europe).
Fortune Fountain Capital is listed in the Chinese Private Equity and Venture Capital Directory with the code CJL41.
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