Japan's Baroque Seeks Hong Kong Listing
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Japanese clothing retailer Baroque Japan Ltd., which sells the "moussy" women' brand, is seeking to raise up to US$300 million in an initial public offering in Hong Kong in the second quarter, two people familiar with the situation said Friday, as it moves to tap China's booming consumer market. A listing in Hong Kong would also build up Baroque's profile, especially China, a person familiar with the situation said.Read more at abouthkcom.blogspot.com
Tokyo-based Baroque, in which CLSA Capital Partners owns a stake, operates 175 company stores, most of which are in Japan. Outside Japan, Baroque had 24 franchise stores mainly in China, Hong Kong and Taiwan at the end of July 2010, the person said, adding that the group planned to expand its retail network in China.
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