Kappa’s Chinese owner reports a big financial loss

China Dongxiang, whose holdings include the ownership of the Kappa brand in China, reported a huge net loss of 748 million yuan renmimbi (€103.5m-$115.6m) for the first half of its financial year ended Sept. 30, compared with a profit of RMB 1,116.2 million in the same period a year ago. ...