Brief: Shanghai Jahwa United To Sell Sephora Stakes To Sephora Asia
BRIEF-Shanghai Jahwa United To Sell Sephora Stakes To Sephora Asia Aug 19 (Reuters) - Shanghai Jahwa United Co Ltd 600315.SS:
SAYS IT PLANS TO SELL 19% STAKE IN SEPHORA SHANGHAI AND 19% STAKE IN SEPHORA BEIJING TO SEPHORA ASIA FOR TOTAL OF 70 MILLION EUROS ($81.26 million)
Further company coverage: 600315.SS
($1 = 0.8615 euros)
(Reporting by Beijing Newsroom)
((yukun.zhang@thomsonreuters.com;))
Recent news on LVMH Moet Hennessy Louis Vuitton SE
See all newsLvhm: owned watchmaker Zenith to cut jobs, shift upmarket, source says
Live Markets: Goldman's five reasons why European gas prices won't repeat 2022
Live Markets: What could change for Chinese equities?
Live Markets: The mood sours
Gucci owner Kering drops 16% as luxury braces for tough winter (updated)