Home / Knowledge / News / Apparel/Garments / Lunar acquires majority stake in China's Yeehoo Group
Lunar acquires majority stake in China's Yeehoo Group
21
Feb '12
Lunar Capital Management Ltd. and its associates have obtained a majority stake in Guangzhou-based baby products company, China Yeehoo Group Ltd.

The deal involves an investment of US$ 100 million, which will be partly utilized for procuring the controlling stake, while the rest would be utilized for expansion of the acquired firm, Lunar said.

As per the announcement, the existing management team of Yeehoo would continue to be a substantial minority stakeholder.

Derek Sulger, a Lunar associate who is to join the acquired company's Board of Directors, said the increasing purchasing power of parents and grandparents provide an excellent opportunity to cater to China's rising demand for branded baby products.

He said they look upon Yeehoo as a group having highly distinguished franchise with great growth potential, and hence were eyeing an association with the company to steer their future expansion.

Alice Guo, Founder and CEO of Yeehoo, too voiced his excitement about the new association with Lunar, and said the latter's resources would help them further develop their brand equity, and to enhance their allegiance to quality and standing amongst Chinese mothers and their kids.

Yeehoo Group operates over 650 outlets in 138 Chinese cities and sells around 4,000 different products, which includes apparel, maternal products, bath care and bedding.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mohammad Hassan
Biax Fiberfilm

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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:
July 2017

July 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