Chinese footwear retailer Belle International has hired Bank of America Merill L...
HONG KONG - Chinese footwear retailer Belle International has hired Bank of America Merill Lynch to help prepare for a Hong Kong listing of its sportswear business this year, said people with direct knowledge of the matter.
The divestiture comes nearly two years after BAML advised a consortium led by Hillhouse Capital Group and CDH Investments to take Belle private in a $6.8 billion deal completed in July 2017, as traditional retailers battled online competition. The initial public offering plan comes as the value of China’s sportswear market is set to grow to $58 billion in 2023 from $40 billion last year, estimated market researcher Euromonitor.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Starbucks' China rival Luckin Coffee taps three banks for U.S. IPO: sourcesChinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home...
और पढो »
Campbell to name Bolthouse, international unit buyers by JulyCampbell Soup Co said on Tuesday it expects to name buyers for Bolthouse Farms a...
और पढो »
Disputes over water will be an increasing source of international tensionViolence over water access is on the rise
और पढो »
Sunrise in advanced talks for Liberty Global's $6.3 billion Swiss unitSunrise Communications has entered 'advanced discussions' to buy Liber...
और पढो »
Volkswagen Said To Plan $1.7 Billion Investment In Ford's Self-Driving Car UnitVolkswagen's influx of capital and equity gives Ford's Argo AI a $4 billion valuation to help the companies commercialize self-driving technology and mobility services.
और पढो »
Evonik agrees 3 billion euro sale of acrylic sheet unit to AdventGerman chemicals group Evonik has agreed the key terms of a 3 billion euro ($3.4...
और पढो »
Exclusive: Brazil's state bank Caixa close to selling $2.4-billion Petrobras stake - sourcesBrazilian state-owned bank Caixa Economica Federal is close to selling a 9-billi...
और पढो »
Exclusive: Huawei plans billions in dividends for staff despite row with U.S. - sourcesEXCLUSIVE: Huawei plans billions in dividends for staff despite row with U.S. - sources
और पढो »
Musk might just talk himself into a Tesla buyoutThe electric-car maker’s CEO and the SEC are in battle again over a recent tweet. At worst, the watchdog could force him out. But what then? Tesla’s stock would tumble, putting the firm in play – and potentially letting Musk revive the takeover idea that first got him in trouble.
और पढो »