A Bathing Ape Eyes Global Expansion Following Investment From CVC
Iconic Japanese streetwear label A Bathing Ape (BAPE) have undergone a significant investment from private equity firm CVC, which will facilitate a potential global retail expansion. The size of the investment is currently unclear.
Reported by Business of Fashion, BAPE are now an independent company on the Hong Kong Stock Exchange, but will be co-controlled by CVC, who own 90 companies worldwide, employing over 450,000 people, with approximately $117.8 billion of assets under management. BAPE was previously owned by I.T. Limited, another Hong Kong group.
‘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 will look to bolster BAPE’s presence in Europe, the US, and China. The expansion will include subdivision brands AAPE, Baby Milo, BAPE Black, Mr. Bathing Ape, plus others. BAPE fans can expect more retail spaces around the world, and an increased online presence.
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