Boost for Chinese shoe retailer
27/05/2009
US private equity firm TPG Capital is to invest $80.5 million in Hong Kong-based shoe retailer Daphne International Holdings, the companies have said in a joint statement.
The company plans to use this new funding to expand its retail network in China.
Daphne International Holdings is already one of the most important retailers of women’s shoes in mainland China, where it sells footwear under the Daphne and Shoebox brands.
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