- Luxury Daily - https://www.luxurydaily.com -

Baccarat changes hands after Chinese owner defaults on loan payments

Posted By Luxury Daily News Service On In Commerce,Home furnishings,Industry sectors,News | No Comments
After two years of Fortune Fountain Capital ownership, the French crystal maker Baccarat finds itself in a vulnerable position and a cloudy future. Photo: Baccarat After two years of Fortune Fountain Capital ownership, the French crystal maker Baccarat finds itself in a vulnerable position and a cloudy future. Image credit: Baccarat

 

By Luxury Daily News Service

French crystal company Baccarat is under new ownership as a group of creditors have taken control of Fortune Legend Limited, a subsidiary of its Chinese parent company Fortune Fountain Capital.