Home / Knowledge / News / Apparel/Garments / KKR's investment in men's casual wear retailer

KKR's investment in men's casual wear retailer

05
Dec '11
Kohlberg Kravis Roberts & Co. L.P. (KKR) announced that KKR China Growth Fund L.P., a China focused investment fund managed by KKR, has entered into a definitive agreement to invest US$60 million into China Outfitters Holdings Limited (China Outfitters), a leading menswear retailer in China. KKR was a cornerstone investor in China Outfitters' Initial Public Offering.

China Outfitters is a leading and fast-growing menswear design, manufacturing and sales company in China. It offers a wide range of men's casual wear under several well-known brands locally with foreign origin, including JEEP, Santa Barbara Polo & Racquet Club and London Fog. China Outfitters has built up an extensive sales network comprising more than 1,000 stores nationwide, delivering 34% and 81% revenue and net income CAGR over the past three years.

"We are very impressed by KKR's global resources and China team's strong track record in China," said Zhang Yongli, CEO of China Outfitters. "China Outfitters truly values KKR as a long-term partner to further grow our business as KKR will be able to provide China Outfitters with valuable advice and support on areas for operational improvement, capital markets access and strategic initiatives."

"KKR is investing in China Outfitters because of their high quality and dedicated management team with solid execution capabilities, strong performance and long-term vision for the future," said David Liu, Member of KKR and CEO of KKR Greater China. "In addition, the menswear market in China has enormous growth potential. Market leaders such as China Outfitters have significant room to increase market share. We look forward to fully utilizing our global resources and working with them to further grow the business."

China Outfitters is a fast-growing, menswear-focused apparel design, manufacturing, marketing and sales company in China. The Company offers a wide range of men's casual wear under several internationally renowned, mid-to-high end brands, including JEEP, Santa Barbara Polo & Racquet Club, Sideout, Hallmark and London Fog.

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $58.7 billion in assets under management as of September 30, 2011. With 14 offices around the world, including Beijing, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes.

Kohlberg Kravis Roberts & Co. L.P.


Must ReadView All

Pic: Shutterstock

Textiles | On 12th May 2021

Economic recovery under threat amid surging COVID cases: UN

While the global growth outlook has improved, led by robust rebound...

Pic: 2p2play / Shutterstock.com

Retail | On 12th May 2021

Retailers need to consider changes as US emerges from pandemic: NPD

Millions of new remote and hybrid-remote workers, kids returning to...

Pic: Shutterstock

Textiles | On 12th May 2021

Uzbekistan exported textile products worth $637.7 million in Q1 2021

Uzbekistan exported textile products worth $637.7 million to 54...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consumer sentiment will be conservative after lockdown

Textile Industry, Head honchos

Textile Industry
Head honchos

One thing is certain, online sales will go up

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Bharat Ahuja,

Bharat Ahuja

A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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

Leave your Comments


May 2021

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


Advanced Search