Related Keywords: Chinese companies, Chinese textile group, dominate overseas investment, expansion plan, fashionable clothing, manufacturer and exports, Ningbo Shantex Co Ltd, takeover deals in Europe, textile accessories, United Kingdom based apparel chain
The international business news is once again dominated by Chinese companies' overseas investment and expansion plans. Chinese textiles group Ningbo Shantex Co Ltd which manufactures and exports textile accessories likely to make a takeover bid for United Kingdom-based apparel chain Phase Eight.
Shantex is already in preliminary talks with Towerbrook, a private equity company that bought Phase Eight in 2011. Phase Eight was established in 1979 by Patsy Seddon in London to offer fashionable clothing to sophisticated young suburban mothers.
