Three years after the bankrupt Japanese store was taken over by Hong Kong's Chow Tai Fook and real estate developers Joseph and Tomas Lau, the local retailer's turnaround is to be crowned by a $180 million to $200 million Hong Kong listing in mid-April.
BNP Paribas Peregrine is sole lead manager of the issue, which began pre-marketing yesterday Monday.
The listed entity will be named Lifestyle International and is currently 50% owned by the Lau brothers and 50% by Chow Tai Fook Enterprises. The listing will represent around 25% of the enlarged share capital.
The store will be the dominant asset, but the listed entity will include a...
