When a British yachtmaker sold a Chinese property mogul one of its finest luxury yachts in 2010, it could never have known that one day he would be back to buy the entire company.
Dalian Wanda’s move to purchase Sunseeker underscores a growing trend: Not only are Chinese consumers purchasing more and more luxury items, Chinese companies are increasingly going after the companies that produce luxury goods too.
Whether it is vineyards in France, luxury real estate or fine art, Chinese investors are eager to capitalise on buying opportunities created by the downturn in the European economy.
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