SKP Beijing To Sell 42% To 45% Stake to Boyu Capital
SKP Beijing, China‘s top-grossing luxury department store operator, is slated to sell around 42 to 45 percent of the company to Boyu Capital, according to a notice posted on the…
Luxury Grapples With Disillusionment and Fragile Recovery in China
SHANGHAI — The Chinese retail market showed signs of “fragile recovery” in the first quarter amid an ongoing trade war and domestic economic headwinds, according to a report by Bernstein. The bank’s…