Global private equity firm The Carlyle Group announced its US$20 million investment in Ellassay, a high-end Chinese women's fashion house. The investment, funded by Carlyle Asia Growth Partners (CAGP), will enhance Ellassay's product development, brand building, market expansion, business ties and the overall management. Further financial details were not disclosed.Since opening its first store in Shenzhen in 1995, Ellassay has expanded to a sales network of more than 280 retail shops across the country and has seen revenue increase by 30-50 percent...