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.
Fashion | On 28th Jul 2016
Montreal-based family apparel marketer Gildan Activewear Inc....
Textiles | On 28th Jul 2016
Concerned over dropping yields of cotton, Pakistan’s Minister for...
Textiles | On 28th Jul 2016
The consumer climate in Germany weakened slightly in July. Also as a...
Everflow Petrofils Ltd
‘An innovative technology which India needs desperately is the...
‘The intimatewear category in India is slowly becoming trend-sensitive.’
‘Online economy has changed the whole dynamics of buying habits.’
The Indian market has huge potential in technical textiles, and by far,...
Bombay Textile Research Association
Bombay Textile Research Association (BTRA) is a leading name in textile...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
"We should not compare India and the West. There are things we do that...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...