Decathlon Said to Weigh Stake Sale in $1 Billion China Arm (1)

Decathlon SA is exploring selling a minority stake in its China business, people with knowledge of the matter said, as the French sporting goods retailer seeks a strategic partner to boost growth in the world’s second-largest economy.

The firm is working with an adviser on a potential stake sale that could give the China unit a valuation of at least $1 billion, the people said, asking not to be identified discussing information that is private.

Deliberations are preliminary and Decathlon could decide against any deal, the people said. A representative for Decathlon declined to comment.

Decathlon’s plans for its China ...