Women’s footwear retailer Belle Holdings is looking to raise US$200-300 million in a Hong Kong IPO during the second half of the year, the Standard of Hong Kong reported, citing market sources. The company, in which Hong Kong-listed shoe retailer Mirabell has a 6% stake, owns 2,400 footwear stores in China, 1,000 of these operating under the name ï¿½Belleï¿½, 600 as ï¿½Teenmixï¿½, 400 as ï¿½Tataï¿½ and 350 as ï¿½Staccatoï¿½. It focuses mainly on classic designs that appeal to working women able to spend around US$80 on a pair of shoes. Morgan Stanley took a stake of unspecified size in the company during the corporate restructuring required for it to list.
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