BankInvest partners with local fashion company

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.

VNA

>   Singaporeans taste Vietnamese rice (03/10/2008)

>   Vietnam, IATA boost co-operation (03/10/2008)

>   Hanoi outstanding enterprises honoured (03/10/2008)

>   Foreign retailers increase presence in Vietnam (03/10/2008)

>   VN considering raising import taxes on meat (03/10/2008)

>   Average salary in enterprise rises 15% in 2008: survey (03/10/2008)

>   Vietnam’s trade deficit abnormal (03/10/2008)

>   Vietnam, Canada meet on investment protection agreement (03/10/2008)

>   Investors have herd mentality (03/10/2008)

>   Sekaman power project gets investment raise (03/10/2008)