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Retail takeover

Chinese clothing retailer Trinity Limited has agreed to buy the Cerruti luxury fashion and perfume brand.

fashion and trends Updated: Dec 29, 2010 02:00 IST
Relaxnews

Chinese clothing retailer Trinity Limited has agreed to buy the Cerruti luxury fashion and perfume brand.



Trinity Limited said its purchase of Cerruti Holdings “fits in with the group’s strategy to own intellectual property rights or take on very long term licences in high-end to luxury menswear brands with heritage.”



Cerruti has been owned since 2006 by MatlinPatterson, a firm which specialises in turning around loss-making companies.