Stelux eyes China turnaround with private equity partner Boyu

Stelux Holdings, a Hong Kong-based retailer of mid-priced spectacles and watches, said its co-operation with the private equity firm Boyu Capital creates operating synergies that will help it to turn around its China business within three years, aided by online sales and relocation to second-tier cities.

via Business feed http://www.scmp.com/business/companies/article/1174201/stelux-eyes-china-turnaround-private-equity-partner-boyu