Deals
China Is Struggling to Offload Foreign Acquisitions, From Yachts to Pizza
- Ferretti, controlled by a Chinese firm, shelved IPO last week
- China’s outbound deals have dropped 13% on heightened scrutiny
A Ferretti yacht in Venice.
Photographer: Stefano Mazzola/Getty Images
This article is for subscribers only.
China Inc. is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market.
In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets -- acquired by Chinese firms in recent years -- have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles.