Shanghai La Chapelle Style has taken a controlling stake in high quality mens’ style label Jack Stroll.
The Hong Kong-listed firm has paid RMB 75 million for a 69.12 per cent share of the six yr previous Jack Stroll Shanghai enterprise which produces casualwear, sport, denim and enterprise. attire and has its personal retail chain.
La Chapelle says the funding is in keeping with its product-oriented technique in addition to its core values of “cost-effectiveness, trend, high quality”, which can assist strengthen the group’s place in mass-market casualwear phase.
Because the introduction of its male attire merchandise in 2011, La Chapelle has been actively cultivating its menswear manufacturers and continuously looking for for alternatives to develop new model to be able to improve its market share in menswear market.
“The core administration workforce of Jack Stroll had labored in numerous well-known worldwide fast-fashion corporations together with Uniqlo and possesses ample hands-on expertise within the business,” La Chapelle stated in a press release.
“The funding in Jack Stroll will additional enrich the product mixture of the group and speed up the implementation of its multi-brand technique. Leveraging on La Chapelle’s in depth distribution channel and aggressive provide chain functionality, the funding is predicted to reinforce Jack Stroll’s speedy enlargement and margin enchancment,” stated the assertion.
“With the rising male inhabitants in China, the change within the attire consumption preferences for male shoppers and a big improve in buying energy, China’s informal menswear and enterprise informal menswear market has been rising quickly, and is predicted to proceed its secure progress,” stated Wang Yong, government VP of La Chapelle.
“The core members of Jack Stroll have years of operational expertise in worldwide fast-fashion corporations. They’re the specialists in working ‘brief, cost-effective, quick’ enterprise, which is appropriate for present fast-fashion market. Then again, their in depth expertise in product improvement and model administration allows them to intently comply with market developments and develop merchandise which are according to the wants of mass shoppers.
“As one of many essential steps in La Chapelle’s multi-brand technique, investing in high quality menswear model Jack Stroll will certainly increase the enterprise progress of the group,” he concluded.
Based in 2001, Shanghai La Chapelle Trend designs, markets and sells attire merchandise with a give attention to mass-market women’ casualwear. The group has eight manufacturers (5 ladieswear manufacturers, two menswear manufacturers, one childrenswear model): La Chapelle, La Chapelle Sport, 7.Modifier, Candie’s, La Babite, La Chapelle Homme, Pote and La Chapelle Youngsters.
As of the top of 2014, the group’s had 6887 retail factors in some 2200 places, comprising primarily department shops and purchasing malls, in cities throughout all 31 provinces, autonomous areas and municipalities within the PRC.