Carlyle Group Archives - Inside Retail Asia
Deliveries and a digitalised, personalised dining experience are part of the strategy of the new owners of McDonald’s China and Hong Kong.
Details of the sale of 20-year rights to run McDonald’s China & Hong Kong have been formally released.
While naming the buyer for its China and Hong Kong stores, McDonald’s Corp will now keep a stakeholding.
Reuters is reporting a private-equity led consortium has been chosen to buy 20-year franchise rights for McDonald’s China.
There are no bidders left for McDonald’s Korea – and TPG Capital has withdrawn from the race for McDonald’s China.
Final bids are in from at least three groups bidding for the McDonald’s China and Hong Kong business.
Carlyle Group and TPG Capital are in joint bids for the McDonald’s China and Hong Kong franchise licences.
McDonald’s Corporation says it is struggling to attract the calibre of bidders it wants for its China/Hong Kong franchise.
Private equity companies have been invited to bid for Tesco Korea Homeplus according to reports.
Chinese mall developer Szitic Commercial Property plans to raise up to $1 billion through an initial public offering in Hong Kong. Szitic has hired JPMorgan and China International Capital Corporation to manage its IPO expected to occur by the end of the year or in the first quarter of 2014. Since it was founded in 2003, Szitic has developed 10 shopping malls in cities including Beijing, Hangzhou and Suzhou. In May, it sold a 49 per cent stake in two of its malls to US private equity firm …
US private equity firm committed to developing China’s retail property sector.