Home / Knowledge / News / Apparel/Garments / Fung Retailing acquires stake in Korean kidswear retailer
Fung Retailing acquires stake in Korean kidswear retailer
05
Jan '13
Fung Retailing Limited, a wholly-owned subsidiary of the privately held Fung Group, announced that its joint venture with funds managed by private equity firm AEA Investors LP has acquired a 70% stake in the Suhyang Group, Korea's pre-eminent retailer of baby’s and children's apparel.

Suhyang operates over 210 shop-in-shop stores in department stores in Korea for its popular baby and children’s brands namely Minkmui, Bluedog, Bluedog Baby, R.Robot, Denim In the Box and Lulabee. The company also manages nine outlet stores and three multi-brand shops in Korea.

The acquisition is in line with Fung Retailing's plans to expand its portfolio of baby and children brands and to work with local partners to leverage their expertise, strong brand recognition and retail presence for the introduction of international and European brands into Korea.  In addition, Suhyang will continue to enlarge its retail network in Korea and together with Fung Retailing, introduce its existing brands overseas outside of Korea and work on other retailing projects around Asia.

About Fung Retailing Limited

Fung Retailing Limited is a member of the privately held Fung Group.  The holding company of the Fung Group is the privately held Fung Holdings (1937) Limited, which is also a substantial shareholder of Li & Fung Limited. Fung Retailing Limited is the holding company for the retailing businesses of Fung Holdings (1937) Limited.  All the retailing businesses under Fung Retailing are not related to the publicly listed Li & Fung Limited.

Fung Retailing Limited has interests in two listed entities: Convenience Retail Asia Limited, operator of the Circle K Convenience Stores and the Saint Honore Cake Shops in the Pearl River Delta; and Trinity Limited, principally engaged in the retailing of high-end to luxury menswear in Greater China and Europe as well as the licensing of its major brands globally.

Fung Retailing’s businesses extend from Greater China to Korea, Singapore, Malaysia, Thailand, Indonesia and other Southeast Asia countries through a combined network of over 2,900 stores. Total annual turnover exceeded US$1.1 billion in 2011.

Fung Retailing


Must ReadView All

Uzbekistan wants joint ventures with Hungarian textile firms

Textiles | On 20th Feb 2018

Uzbekistan wants joint ventures with Hungarian textile firms

Uzbekistan has offered Hungary to create joint ventures in the two...

Vietnam’s textile & garment exports up 10.68% in 2017

Textiles | On 20th Feb 2018

Vietnam’s textile & garment exports up 10.68% in 2017

Vietnam came very close to achieving its 2017 textile and garment...

From left: Tania Polonnowita Wettimuny, MD, Hellmann Sri Lanka; Bart de Vries, Global COO Air & Sea Hellmann; Deshamanya Mahesh Amalean, Chairman, MAS Holdings; & Shirendra Lawrence, COO, MAS Holdings

Textiles | On 20th Feb 2018

Hellmann and MAS form joint venture HMSC

Hellmann Worldwide Logistics and MAS Holdings have formed Hellmann...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

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

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

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

Robert Brunner
Devereux

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

Wendell Rodricks
Wendell Rodricks

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

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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