CDH’s big bet on e-commerce turnaround

By backing a $6.8 billion management buyout for Belle International, the private equity firm hopes to help the company revitalise its sales by embracing the online world.

CDH’s big bet on e-commerce turnaround

Chinese private equity firm CDH Investments has embarked on the tough task of transforming one of the country’s biggest retailer networks with the help of e-commerce, after agreeing to support the management buyout of Belle International for HK$53.1 billion $6.8 billion.

In what could be the biggest management buyout of a Hong Kong-listed company, CDH said on Friday after the close that it is teaming up with Hillhouse Capital to acquire all...

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