FINANCIAL SERVICES, RETAIL | Staff Reporter, Hong Kong

Chinese fashion retailer GXG mulls $300m Hong Kong IPO

The brand is backed by Louis Vuitton’s private equity firm L Catterton Asia.

Bloomberg reports that Chinese fashion retailer GXG is reportedly planning a Hong Kong IPO this year which could raise as much as $300m.

GXG is backed by L Catterton Asia, a consumer-focused private equity firm under Louis Vuitton Moet Hennessy. L Catterton bought a majority stake in the fashion brand in 2016.

The Ningbo-based retailer operates over 2,000 stores in China and employs over 4,000 workers.

Here’s more from Bloomberg:

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