New Crabtree & Evelyn owner targets China growth

Nan Hai plans to bring the personal care brand to mainland China by opening 100 retail outlets over the next two to three years.

Nan Hai plans to bring Crabtree Evelyn to mainland China following the personal care firm's takeover for $175 million in mid-December the largest foreign cosmetic deal to date involving a Chinese buyer.

The Hong Kong-listed Chinese investment company told FinanceAsia that it plans to open at least 100 retail outlets across the mainland over the next two to three years, starting with tier-1 and tier-2 cities.

“Of course we would like to open as many shops as possible as China’s consumer market has tremendous potential and is growing fast,” Yu Xin, an executive committee member of Nan Hai and the chief executive officer of...

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