Hong Kong based 2% Limited owns, designs, markets and distributes casual wear clothing under a variety of brand names which are sold through 64 direct stores across Hong Kong, Shanghai, Beijing and Taiwan; and 96 franchise stores in the rest of China and other cities in Asia.

 

 “The consumer retail sector is of particular interest to ARIA III due to increasing domestic consumption and rising disposable incomes across Greater China. The consumer sector has experienced significant growth in the past years, and we expect the trend to continue,” says CLSACP, managing director of private equity Miranda Tang.

 

“We are impressed with the management team of 2% Limited. They have devised and executed creative marketing and effective brand building campaigns and have established a wide distribution and robust sales platform. We are delighted to partner with 2% Limited in their next phase of growth,” she adds.

 

CLSACP executive chairman Richard Pyvis, comments: “2% Limited has grown significantly throughout Greater China and our investment will enable the company to further expand its retail network, enhance its equity capital and operating efficiency. 2% Limited’s casual wear business is a good fit for ARIA’s Asian domestic demand focussed investment strategy.”

 

Herbert Chan, the founder of 2% Limited, adds: “We are especially impressed by the value-add CLSACP have brought to our company and the commitment they have shown to date. CLSACP has extensive investment experience across Asia in the retail sector and their investment will provide fresh funds to expand our business by reinforcing our retail network, enhancing our systems and building our brand name. The combination of our strengths will make 2% Limited a great success.”