Belle Buys Stake In Baroque Japan, Aims To Create Fashion Empire Across Asia - Fashion Labels

TOKYO, Japan — Baroque Japan’s largest shareholder, CLSA, has sold its stake in the major Japanese womenswear retailer (which has hundreds of stores throughout Japan, Hong Kong and mainland China) to CDH Investments and Chinese footwear retailer Belle International. CDH has taken a 23 percent stake and Belle 31.96 percent, the latter at a cost of ¥9 billion (about $90 million). CDH has been a shareholder of Belle since it began retailing in 2004 and is very much being led by Belle in this deal, which aims to use Baroque to develop a major apparel and accessories businesses in China. Baroque currently operates … More