Home Business NewsBusiness Luxury brand Aspinal could be sold to the Chinese in a £75m deal

Luxury brand Aspinal could be sold to the Chinese in a £75m deal

by LLB Reporter
8th Aug 16 9:42 am

Aspinal recorded £30m in sales last year

British luxury leather brand Aspinal could be snapped up by Chinese and European buyers, according to various media reports.

Rumours are rife that the British leather goods brand, which made £30m in annual sale, has sparked interest from buyers after the recent drop in pound.

Source told the Telegraph that the brand could fetch up to £75m.

Bidders include Fosun, the Chinese conglomerate which snapped up championship football club Wolverhampton Wanderers in a £45m deal last month. 

A deal could be finalised by the end of this month.

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