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Billionaire Fungs Weigh Sale of Luxury Bagmaker Delvaux

  • Sale could value bagmaker at $500 million-$600 million
  • The Fung family and Temasek bought majority stake in 2011
A Delvaux Createur SA store in Taipei, Taiwan.
A Delvaux Createur SA store in Taipei, Taiwan.Photographer: Billy H.C. Kwok/Bloomberg
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Hong Kong billionaire brothers Victor and William Fung are exploring selling their stake in Delvaux, a 192-year-old Belgian luxury leather bagmaker, people with knowledge of the matter said.

The Fungs are working with advisers and have reached out to prospective suitors on the potential divestment of the asset, the people said. A sale could value the bagmaker at around $500 million to $600 million, said the people, who asked not to be identified as the information is private.