New World Department Store is latest China retailer to go private with buyout plan

New World Department Store is latest China retailer to go private with buyout plan

Visual from NWDS website

New World Department Store China Ltd said its parent firm plans to take it private for HK$934.5 million ($120 million), so that it can better tackle a challenging operating environment and take risks in implementing strategy.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter