Shanghai La Chapelle Fashion will own 54% of the online women's fashion retailer once a $32m deal is completed.
China-based fashion e-commerce company QiGeGe received RMB 200m ($32m) in funding on Friday from female fashion retailer Shanghai La Chapelle Fashion, which acquired a 45% stake.
La Chapelle purchased the stake for $21.7m and agreed to invest a further $10.7m to secure an additional 9%, and will become the majority shareholder in the company with a 54% stake once the deal is closed. QiGeGe has not disclosed any previous rounds or other backers.
The investment will give La Chapelle access…
