A consortium of investors led by the Chinese giant La Chapelle paid €52 million to acquire the Naf-Naf label from Vivarte Group. This is the 1st foreign investment for La Chapelle, a fashion giant in China with a footprint of 9,448 stores, 37,544 employees and annual turnover of €1.2 billion. In the next 5 years, La Chapelle said it could open 500 Naf-Naf stores in China plus 30 in Europe. The French brand currently runs 474 points of sale and 1,200 employees for an annual turnover o
…Naf-Naf under a Chinese flag
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