South Korean firm SK Holdings is planning to invest KRW35 billion (US$31 million) into the contemporary fashion brand Rails.
The investment, which will be channeled through its American investment subsidiary Plutus Capital, will finance its acquisition of 3160 shares in the Los Angeles brand. Rails is known for its high-quality blouses and is considered one of the country’s fastest growing fashion labels.
SK Holdings has recently broadened its portfolio to shift focus to its investment strategy. It has invested into a range of industry sectors, including a $60 million shareholding in two North American clothing brands last year. Half of the firm’s $1.5 trillion spending last year was invested offshore. It has also invested heavily in ride-sharing platforms both in Southeast Asia and the US.