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Fashion Jobs
ESTÉE LAUDER COMPANIES
Online Business Analyst, Asia Pacific
Permanent · Hong Kong
VF
Senior Merchandising Manager - Regional Line Product Creation
Permanent · 香港
ESTÉE LAUDER COMPANIES
Lead, Project Manager, IT, Asia Pacific
Permanent · Hong Kong
VF
Senior Merchandising Manager
Permanent · 香港
VF
Senior Merchandise Operations Manager
Permanent · 香港
VF
Area Manager
Permanent · 香港
VF
Business Analyst
Permanent · 香港
VF
Manager, Global Supply Planning
Permanent · 香港
VF
Senior Manager, Quality Strategy
Permanent · 香港
VF
Supply Chain Operations Manager, Dickies Asia
Permanent · 香港
VF
Merchandise Manager
Permanent · 香港
ESTÉE LAUDER
Regional Education Director, Estee Lauder, Asia Pacific
Permanent · Hong Kong
VF
Senior Manager, Regional Projects
Permanent · 香港
LEVI'S
Gsp Purchasing Operations Analyst
Permanent · Wan Chai
ESTÉE LAUDER COMPANIES
Contract HR Services Representative, Asia Pacific (6-Months Contract)
Permanent · Hong Kong
NIKE
sr Marketplace Planning Manager
Permanent · Hong Kong
COS COLLECTION OF STYLE
Cos Part Time Sales Advisor
Internship · HONG KONG
ESTÉE LAUDER COMPANIES
Senior Lead, Supply Chain Application Support, Asia Pacific
Permanent · Hong Kong
EXCUSE MY FRENCH
Sales Executive
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Senior Director, Data & Applications, IT, Asia Pacific
Permanent · Hong Kong
PUMA
Administrator, IT Infrastructure
Permanent · Hong Kong
ESTÉE LAUDER COMPANIES
Manager, Global Public Affairs, Asia Pacific
Permanent · Hong Kong
By
Reuters
Published
Sep 24, 2019
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Hillhouse-backed Topsports launches up to $1.2 billion Hong Kong IPO

By
Reuters
Published
Sep 24, 2019

Topsports International Holdings Ltd, the sportswear business of Chinese footwear retailer Belle International, on Tuesday launched a Hong Kong initial public offering (IPO) of up to $1.2 billion (965.02 million pounds), according to a marketing term sheet seen by Reuters.


Photo: Shutterstock - Shutterstock



The offering would be the latest to test investor sentiment following anti-government protests that have roiled Hong Kong for nearly four months and weighed on the stock market.

Markets more generally are also on edge amid a trade dispute between the United States and China and slowing global growth.

The Chinese distributor and retail partner of foreign brands Nike Inc and Adidas AG is selling about 930 million shares with an indicative price band of HK$8.30 to HK$10.10 ($1.06-$1.29) per share, the term sheet showed.

The Hong Kong IPO comes two years after a consortium led by Hillhouse Capital Group and CDH Investments took Belle private in a $6.8 billion deal completed in July 2017, as traditional retailers battled online competition.

The price range represents a valuation of $6.6 billion to $8.0 billion, the term sheet showed.

Topsports did not immediately respond to Reuters request for comment.

Established in 1991, Belle produces shoes under its own brands such as Belle and Staccato, and distributes other foreign labels such as Puma, Converse, Timberland and The North Face.

Topsports is the largest sportswear retailer in China in terms of retail sales value, with a 15.9% market share in 2018, the company said in its IPO prospectus, citing consultant Frost & Sullivan.

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