USHOPAL completes another round of financing, raising 100 million USD, reinforcing leadership as a luxury beauty omni-brand partner for China
Mar 08, 2021•almost 5 years ago
Description
USHOPAL, a leading new luxury beauty and new retail group in China, has announced the completion of a 100 million USD round of financing, driving up its investment pool to 200 million USD, aimed at supporting USHOPAL's portfolio brands' rapid growth in China and Asia Pacific. The leading investor for this round is FountainVest Partners, a leading private equity firm that specializes in global brand investment, which recently acquired the parent company of ARC'TERYX, Amer Sports. Co-investors include Cathay Capital, Zhongyuan Capital, Hengxu Capital and Dazhong Zhongsong Fund.