Beijing Hualian in Talks to Sell SKP

Beijing Hualian Group is reportedly in discussions to sell off its SKP luxury mall business, in a potential deal valued at $4 to $5 billion, according to Bloomberg sources. The talks are said to involve Boyu Capital, a major private equity firm known for its investments in consumer and tech sectors.

The deal is expected to cover Beijing Hualian SKP Department Store Co., which manages the group’s flagship SKP malls. The two sides are also reportedly discussing the sale of some of SKP’s physical property assets.<