Lee Cooper buys out PT Lee Cooper Indonesia

01 Nov '06

1 min read

Sun European Partners, LLP the European advisor to Sun Capital Partners Inc. The 180 Group LLC, and Emerisque Capital Limited announced that an affiliated portfolio company, Lee Cooper Group Limited (“Lee Cooper”), has acquired PT Lee Cooper Indonesia, its exclusive licensee and operator of 91 retail stores and shop-in-shops in Indonesia, from its previous owners PT Kushendy Asribusana (“KAB”).

Established in 1989, KAB is also a distributor of Red Earth cosmetics. Terms of the acquisition were not disclosed. However, PT Lee Cooper Indonesia is retaining the original management team led by Jody Dharmawan.

Michael Capper, CEO Asia Pacific of Lee Cooper Group Limited, commented, "We are very pleased to have acquired KAB which has been one of our most successful licensees. The Lee Cooper brand is ranked amongst the top three jeans brands in Indonesia.

Our acquisition will strengthen Lee Cooper's positioning in Indonesia founded by KAB'si very able management team and employees and provides a platform for Lee Cooper to expand into the ASEAN markets augmenting our recently-announced joint ventures in China and India.”

Lee Cooper

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