Home / Knowledge / News / Apparel/Garments / Chinese apparel firm Xinhe gets PE funding
Chinese apparel firm Xinhe gets PE funding
13
Jan '12
Xiamen-based Chinese apparel firm Xinhe Fashion Co Ltd has secured funding from private equity (PE) fund L Capital Asia, a subsidiary of multinational luxury products company LMVH.

The funding would be the first investment by L Capital in China. It is expected to give a boost to Xinhe's clothing brands and help them improve quality and go global at a quicker pace.

In addition to funding, both firms would cooperate in intellectual property protection in the global apparel sector.

Xinhe, founded in 1992, currently has six brands catering to various market segments. It also has special departments to keep a watch on the market, especially to oversee trademark infringements and take legal action if necessary.

The company's products are geared to middle and high-end markets and it has more than 600 franchisee-run stores in China.

In 2011, Xinhe earned 2.8 billion Yuan (US$ 443.8 million) in sales.

L Capital Asia, founded in 2010, focuses on emerging Asian markets like India and China and covers a wide range of sectors. It chose Xinhe due to its increasing sales, wide distribution network and strong awareness about intellectual property protection.

It took over a year of negotiations for the two parties to arrive at an agreement on private equity funding and strategic cooperation.

Xinhe said the partnership with L Capital Asia would be mutually beneficial to both companies as the growing purchasing power of Chinese consumers would increase demand for high-end garments and luxuries.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search