Goldman Sachs Faces Potential Loss Of Nearly $30M In Chinese Fashion Brand August 9, 2019

Goldman Sachs is facing potential losses of nearly over RMB200 million (US$28.4 million) in an investment it made six years ago in Chinese fashion brand, Shanghai La Chapelle Fashion Co., Ltd. In 2013, Beijing Goldman Sachs acquired a 5% equity interest in La Chapelle at a consideration of RMB300 million, according to the company’s IPO […]

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