Venture-Backed La Chapelle To Acquire 54% Of Anshe E-Commerce

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Chinese multi-brand apparel group Shanghai La Chapelle Fashion Co., Ltd., backed by a slew of venture and private equity investors, says it has agreed to acquire 45% of online fashion retailer Hangzhou Anshe E-Commerce Co., Ltd. for RMB135 million (US$21.6 million), according to a company announcement.

La Chapelle has also agreed to inject RMB65 million (US$10.4 million) new capital into Anshe E-Commerce, further increasing its stakes to 54.05%.

China Money Network

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