By  on December 12, 2019

SHANGHAI–The owners of The Lane Crawford Joyce Group have offered to privatize its Joyce boutiques business following years of soft performance exacerbated by the political unrest this year in Hong Kong.

The Woo family, which controls a fashion and real estate empire via Wheelock and Company, have made a cash price offer of $0.28 Hong Kong dollars per share to take Joyce Boutique Group private.

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