L Catterton-backed brand GXG to plan US$300mil IPO

HONG KONG: GXG, the Chinese men’s fashion retailer controlled by L Catterton Asia, is planning a Hong Kong initial public offering that could raise about US$300mil, according to people with knowledge of the matter.

The Ningbo-based street fashion brand is working with investment banks on the proposed share sale, according to the people, who asked not to be identified because the information is private.