The partnership will be based on Fung Brands Ltd. obtaining the holding in Sonia Rykiel, according to a statement today from both companies today. The Rykiel family, which founded the brand in 1968, will remain a shareholder with 20 percent of equity. Fung Brands is a unit of Fung Capital.
Victor and William Fung declined to comment on the talks, according to Estelle Guillot Tantay, hired by Fung Brands to handle public relations.
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