SUIT SUPPLY ASIA HOLDING BV
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Suit Supply is a leading, successful and award winning men's fashion brand, operating through its own extensive retail network. Suit Supply has a strong track record, growing from one store in 2000 to sixty-one stores in fifteen countries in 2015.
What is our funding objective?
In 2014 Suit Supply entered the Chinese retail market by opening one try-out store in the center of Shanghai. The result of this store has been deemed a success by the management and subsequently a second flagship store was opened in Shanghai in June 2015. The FMO loan will provide Suit Supply the opportunity to execute their global expansion plan in Asia. Asia’s fashion and apparel market growth will continue to lead global growth and will surpass demand in both West Europe and North America.
Why do we fund this investment?
By means of this loan, FMO is able to support the development of a successful Dutch enterprise in the Asian retail and e-commerce market and contribute to the further development of labor conditions in the manufacturing companies in China. Asia’s fashion and apparel market will continue to lead global growth. By 2016 China will overtake the US as the world’s largest retail sales market, worth USD 4.2 trillion.
- Website customer/investment
- http://eu.suitsupply.com/en/home
- Country
- Netherlands
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/30/2016
- End date
- 1/8/2018
- Total FMO financing
- EUR 7.00 MLN
- Funding
- Fund Emerging Markets
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+