Founder of Hong Kong's I.T teams up with CVC to take the fashion retailer private for $168m

Founder of Hong Kong's I.T teams up with CVC to take the fashion retailer private for $168m

Hong Kong fashion retailer I.T Ltd said on Sunday its founder and chairman Sham Kar Wai has teamed up with private equity group CVC to make an offer to take the company private for HK$1.305 billion ($168.37 million).