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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