By  on September 23, 2008

Gottschalks Inc. is teaming with Everbright Development Overseas Ltd. — giving the China sourcing specialist an equity stake in return for an initial $30 million investment.

In addition to boosting the Fresno, Calif.-based Gottschalks’ finances, the arrangement might signal that the weakening stock and credit markets will make it easier for foreign companies seeking a U.S. presence to make a move.

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