Sheep magazine Archive 2: issues 10-17

AlfRodchenko

Lefty online magazine: issue 10, May 2016 to issue 17, November 2016

Chinese invest in the UK

Everything from prime London real estate to football clubs has been

bought up by investors from the people’s republic. China is a big spender

in the UK, where it has invested more than in Germany, France and Italy

combined in recent years.

Investors have sunk around $38bn (£29bn) into everything from prime

London real estate to banks and football clubs according to figures from

the American Enterprise Institute and the Heritage Foundation.

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Alongside the low-key property deals, Chinese companies have also

struck deals to buy a string of household names over the past few years.

Shanghai-based Bright Foods owns 60% of Weetabix after it paid £720m

to get its teeth into the cereal company in May 2012, while Hony Capital

paid £900m for restaurant chain Pizza Express in July 2014.

Some of the UK’s retail powerhouses are also under Chinese ownership,

including the famous Hamleys toy shop on Regent Street, sold to footwear

firm C.banner international for £100m in October last year.

The House of Fraser department store chain is Chinese-owned, after

Nanjing Cenbest paid £480m for an 89% stake in September 2014.

MID-AUGUST 2016

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