Taiwanese conglomerate Pou Chen plans to take private Chinese sports shoes retailer Pou Sheng International for $1.4 billion, to help it cope with the inexorable shift towards ecommerce in mainland China.
Pou Chen will pay shareholders in the second-largest sportswear operator in China HK$2.03 a share in cash, valuing Pou Sheng at HK$10.9 billion $1.4 billion, according to a stock exchange filing on Sunday.
The sporting goods industry is wrestling with the rapid growth of e- commerce platforms, the integration and collaboration of online and offline operators as well as the change in consumers’ expectations for shopping experience.
Sportwear shops are...
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