CHINA’S N°1 FOOTWEAR RETAILER CHANGES HANDS

Publication

19 May 2017 à 20h05

Updated on 10 May 2019 à 17h47

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1 minute

Publication: 19 May 2017 à 20h05, Updated on 10 May 2019 à 17h47

Reading time: 1 minute

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Publication

19 May 2017 à 20h05

Updated on 10 May 2019 à 17h47

Reading time

1 minute

Publication: 19 May 2017 à 20h05, Updated on 10 May 2019 à 17h47

Reading time: 1 minute

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In China, a consortium of local investors made an offer to take over the shoe and fashion retailer Belle International, which runs an array of footwear brands including Adidas, Converse, Nike, Puma, Replay, Staccato, Bata, Clarks and Mephisto in a US$6.8 billion deal. In February 2017, Belle ran 20,716 stores in China, Macau and Hong Kong, including 13,062 footwear outlets and 7,654 for apparel. Potential buyers include Hillhouse Capital Group (with a 56.8%-stake), CDH Investments (12.1%)...

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