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KKR To Sell 70% Of France's SMCP Group To Shandong Ruyi
Aggregated Source: China Money Network
fashionKKR & Co. L.P. has agreed to sell its 70% stake in French fashion company SMCP Group to one of China’s largest textile producers Shandong Ruyi Science & Technology Group for an undisclosed amount, according to a joint announcement. KKR would retain a minority interest in the group. SMCP’s founders and management will reinvest alongside […]

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