PE-backed La Chapelle invests in China e-commerce platform
PE-backed ladies apparel manufacturer Shanghai La Chapelle has invested RMB200 million ($32 million) in Hangzhou Anshe E-Commerce, the business behind Chinese online fashion retailer QiGeGe, in exchange for a 54% stake.
Set up in 2001, La Chapelle designs, markets and sells clothes through retail stores. According to a release, the company's nationwide network comprises 5,671 retail points in 1,900 physical locations...
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