World-Renowned PE Giants Inject Chinese Clothing Retailers NOVO
In August 21st, the world-renowned PE giant KKR announced that its management focused on the KKR China Growth Fund, which invested in the Chinese market, recently injected capital into NOVO Holdings Limited (NOVO) with an injection amount of US $30 million.
It is reported that NOVO was founded in 2004 by the company's current chairman and chief executive officer Ren Jie, a target group in China, aged 18-30.
Fashion dress
Retailer。
The company specializes in selling urban youth fashion.
clothing
The franchised chain store with accessories has opened 11 main stores in shopping centers and department stores in some major cities.
In addition, the company has a series of international fashion and brand accessories retail franchise, currently has more than 80 "LeSportsac" and other brand stores.
Fang Renjie said that NOVO is positioned in the Chinese youth fashion apparel market which has not received enough attention at present. It plans to expand the main chain store business in the next few years and develop itself.
Clothing brand
。
"Historically, retail businesses that have cooperated with KKR have achieved outstanding growth. Therefore, we firmly believe that with the help of KKR's expertise and local operation knowledge in the retail industry, this cooperation will surely push us to achieve greater business development and consolidate the position of the industry leader."
"We see domestic consumption demand and the latest.
Fashion trend
The demand for integration continues to grow.
Driven by this, China's fashion retailing industry has huge and long-term potential for development.
At present, China's youth clothing retail market has a scale of 38 billion US dollars, and has been growing at an annual average growth rate of 16% since 2005.
NOVO has created a unique business model. Its huge store network and supply chain relationship enable it to gain long-term profits from the growing demand for Chinese youth fashion apparel market.
KKR global partners and greater China President Liu Haifeng pointed out.
Since its first investment in the retail industry in 1981, KKR has completed 21 pactions in the global retail industry (including "Dollar General"), with a total investment of US $60 billion and investment.
Apparel Retailing
Business types include supermarkets, drugstores, department stores, food distribution companies and retail stores.
- Related reading
BELLE International Qingdao Cooperate With Pan Micro OA To Improve Operation Management Level
|
- Popular color | Colorful Colourful Collocation Makes September Colorful.
- Popular color | Dazzling Colors Make You Beautiful And Moving.
- Expo News | During The Expo, A Number Of Textile Events Will Be Launched Simultaneously.
- Domestic data | Analysis Of The 20130902 Phase Of "China Keqiao Textile Index"
- Fujian | Fuzhou Textile Is Gradually Out Of The Doldrums
- Enterprise information | Ten Years Of Pformation From Imitation To Imitation In Toyama
- policies and regulations | Cotton Reserves: A Terrible Idea
- Popular this season | This Season, People Are Skillfully Dressed To Wear The Most Popular Beauty.
- Mall Express | Wuhou Leather City Decode Fur Popularity
- Global Perspective | Ten Years Later, Nike And Other Enterprises Will Embark On The Road Of "Return To The US Production".
- The Most Popular Clothing Match In Early Autumn -- Mashup
- The Brand Of Sports Shoes And Clothing Is Not Good Enough For The Night Rain.
- Refusing Oil Face Makeup Makes You The Perfect Goddess Of His Heart.
- A New Attempt After "Touches The Net"
- 皮革，制鞋材料入門知識初學
- The Trend Of Wetting And Moving Fabrics Into Autumn And Winter Fabrics
- Red Children And Martha Marceau Or Financing Difficulties: Venture Capital Accelerated Game
- Fuzhou'S Clothing Market Is Overloaded With Spring And Summer Wear And Consumption Is Weak.
- Black Skin, MM'S Savior, Clever Make-Up Method, Turns White And Rich.
- Guangdong Fashion Week Held A Famous Brand 2013S/S Clothing Conference Yesterday.