Luxury conglomerate PPR buys a majority stake in Chinese jewelry brand Qeelin for an undisclosed...

|By:, SA News Editor

Luxury conglomerate PPR buys a majority stake in Chinese jewelry brand Qeelin for an undisclosed amount. The news Qeelin now has the financial backing to accelerate its expansion in the nation is of interest to Tiffany (TIF +0.2%) with its own ambition to grow China sales rapidly.