Saturday, May 26, 2012
Chanel-linked firm to invest in China's C.banner
HONG KONG - Chinese shoe retailer C.banner International Holdings said it has secured investors including a firm linked to Chanel Inc to help fund its expansion, underscoring how global luxury brands are looking to strengthen their presence in mainland China. Photo: C.bannerC.banner, which listed in Hong Kong in September, said on Monday that it would issue 189.02 million yuan (about $30 million) in convertible bonds to MouseeDragon L.P, China Consumer Capital Fund and China Champion Holdings
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