CDH Investments Fund Management Co is working with the management of shoe retailer Belle International Holdings Ltd on a buyout that could be the largest-
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They said an announcement could come as early as this week. Shares of Belle, mainland’s biggest women’s footwear retailer, were halted on Tuesday pending an announcement related to HK’s takeovers and mergers code, the company said.
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Belle, which sells shoes under brands such as Teenmix, Millie’s and Mirabell, had
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The shoe company, which operates more than 20,000 retail outlets mostly in the
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“They don’t have a strong brand and consumers are not willing to pay a premium without a strong brand since they have online options,” said Chelsey Tam, an analyst at Morningstar Investment Services in Hong Kong.
“While the sportswear market is growing and they have distribution deals with
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The Shenzhen-based firm’s stock has risen about 21 percent this year, although the last closing price of HK$5.27 (64 cents) is 15 percent lower than its 2007 IPO.
Youth Authentic Personalized Milwaukee Brewers Alternate Gold Color Jersey.A representative for Belle declined to comment, while a representative for CDH didn’t immediately respond to requests for comment.