Denmark’s BankInvest Private Equity New Markets Group (BankInvest) will become a 20 percent shareholder of the Ho Chi Minh City-based Son Kim Fashion Corporation (SKF).
To this effect, a strategic partnership agreement was officially announced in Ho Chi Minh City on October 3.
Under the agreement, the capital provided by BankInvest will be used in developing its current brands, studying new brands in the fashion industry, building advanced and modern systems and attracting high-level human resources.
In addition to providing the afore-mentioned capital, BankInvest, with international experience of the fashion industry, will support SKF in their strategic planning and development of retail systems.
SKF is now the leading fashion company in Vietnam, with a range of well-known brands such as Jockey, Jox, JBUSS, WOW, WOWECO, and Elle.