Chinese conglomerate Fosun's Yuyuan unit to acquire Djula, Forte

Chinese conglomerate Fosun's Yuyuan unit to acquire Djula, Forte

Shanghai

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd (Yuyuan Inc), a unit of Chinese conglomerate Fosun International Limited, has announced plans to pick up a 55.4 per cent stake in French jewellery brand Djula, for 210 million yuan ($30 million), according to local media.