The apparel retailer I.T closed 17 stores in Hong Kong from February to August this year. Photo: Nora Tam
The apparel retailer I.T closed 17 stores in Hong Kong from February to August this year. Photo: Nora Tam

Struggling Hong Kong apparel retailer I.T’s top shareholder, private equity firm in bid to take firm private

  • The offer price of HK$3 per share represents a 54.6 per cent premium to the last traded price of HK$1.94 on November 30
  • I.T reported a net loss of HK$337 million for the six months ended August 2020, a 373 per cent jump from HK$71.2 million a year ago

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The apparel retailer I.T closed 17 stores in Hong Kong from February to August this year. Photo: Nora Tam
The apparel retailer I.T closed 17 stores in Hong Kong from February to August this year. Photo: Nora Tam
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