A spinoff for China’s n°1 footwear retailer

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25 May 2018 à 18h40

Updated on 10 May 2019 à 17h06

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1 minute

Publication: 25 May 2018 à 18h40, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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Publication

25 May 2018 à 18h40

Updated on 10 May 2019 à 17h06

Reading time

1 minute

Publication: 25 May 2018 à 18h40, Updated on 10 May 2019 à 17h06

Reading time: 1 minute

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In China, Belle International, the country’s largest women’s footwear retailer with about 20,000 stores in China, is to spin off its sportswear retail business division. Hillhouse Capital (57% stake) and CDH Investments (12% stake), which took Belle private in July 2017 via a US$6.8 billion deal, are planning a Hong Kong I.P.O. of the sportswear unit as soon as next year. The listing could raise US$1 billion. Belle sells such brands as Adidas, Nike and Puma and has also its own label

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