PARIS — Signaling a buoyant market for luxury footwear and a perky climate for mergers and acquisitions, Fung Capital and fashion veteran Jean-Marc Loubier have teamed up to acquire a majority stake in luxury French shoemaker Robert Clergerie from its namesake founder.
RC Holdings — a new entity held by Fung Brands Limited, a subsidiary of Fung Capital Limited, and Loubier — said it took a 90 percent stake in Financiere de Romans, which owns the Clergerie, Fenestrier and Espace brands, with the designer maintaining 10 percent.
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