Listen to this story. Enjoy more audio and podcasts on iOS or Android.
Your browser does not support the element.
Foreign acquisitions by Chinese buyers have a lousy reputation. The takeover of PizzaExpress, a British restaurant chain, by Hony Capital, a Chinese private-equity firm, ended up in restructuring. Financial collapse forced HNA, a Chinese conglomerate, to sell its stake in Hilton Worldwide, an American hotel chain, not long after buying it. Sanpower, a Chinese mall operator that bought House of Fraser, a British department store, succumbed to similar pressures.
An exception is the €5.6bn ($6.3bn) purchase in 2019 of Amer, the
→ Continue reading at The Economist
