CVC Completes Investment In A Bathing Ape
CVC has completed an investment in streetwear brand A Bathing Ape (“BAPE”) after the brand became an independent company from I.T Limited.
CVC plans to support the expansion of the business both online and geographically. BAPE will pursue the growth of its presence in overseas markets such as China, the United States and Europe, as well as evolving its online offering to enhance the customer experience and optimizing its marketing and sales channels through increased digitalization.
"BAPE is an iconic brand with a loyal fan base that has defined the fashion industry with its premium streetwear designs. We are looking forward to bringing this exciting brand to more markets and new customers around the world" said Yann Jiang, Director at CVC. "CVC is very pleased to partner with Chairman Sham and the BAPE team, which has developed and expanded BAPE’s position as a leading global streetwear brand. We will work closely together and drive the continued success of the business."
The news follows the privatization of I.T Limited by Brooklyn Investment Limited, owned by CVC Capital Partners Asia V Limited (“CVC”) and the Founder Group of I.T on Friday 30 April 2021. With the investment, CVC has acquired co-control of BAPE.
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