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Home furnishings

Baccarat changes hands after Chinese owner defaults on loan payments

December 29, 2020

After two years of Fortune Fountain Capital ownership, the French crystal maker Baccarat finds itself in a vulnerable position and a cloudy future. Photo: Baccarat After two years of Fortune Fountain Capital ownership, the French crystal maker Baccarat finds itself in a vulnerable position and a cloudy future. Image credit: Baccarat

 

By Luxury Daily News Service

French crystal company Baccarat is under new ownership as a group of creditors have taken control of Fortune Legend Limited, a subsidiary of its Chinese parent company Fortune Fountain Capital.

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