Daphne International Holdings is getting an infusion of 550 million renminbi (€57.8m-$80.6m) to expand its Daphne and Shoebox stores in China. TPG Capital, the global buy-out firm, will invest the money in the form of bonds and warrants, and will end up with a 14.5 percent stake in Daphne when the bonds are converted and the warrants exercised. Daphne plans to raise another 400 million Hong Kong dollars (€37.0m-$51.6m) when the warrants are exercised. Daphne International Holdings runs more than 3,000 stores in China and Taiwan under the brands Daphne and Shoebox as well as Adidas, Nike, Arezzo, Sofft and Born.