Me Today has put its honey division up for sale and announced the former head of skincare company Trilogy and current director, Stephen Sinclair, will take.
The potential deal would allow new investors to gain exposure to the business, while allowing existing limited partners the option to exit or roll over their stakes.
McDonald’s China has become the first mainland-based restaurant chain to launch non-fungible tokens (NFT) amid a surge of interest from young consumers in digital retail trends. A limited number of digital tokens will be given to some company employees and customers as a gift after the fast-food giant opened its largest store in Shanghai over the weekend, the mainland’s commercial.
Hillhouse Emerges as Preferred Bidder for $2 Billion King Koil China
Vinicy Chan, Bloomberg News
(Bloomberg) Hillhouse Capital Management has emerged as the preferred bidder for Advent Internationalâs King Koil China mattress business in a deal that could be valued at more than $2 billion, according to people familiar with the matter.
Talks are in an advanced stage and an announcement could come as soon as this week, said the people, who asked not to be identified as the information is private.
Discussions could still be delayed or fall apart, the people added. A representative for Hillhouse couldnât immediately comment, while a representative for Advent didnât immediately respond to requests for comment.