SHANGHAI, Aug. 2, 2022 In a multi-year retail partnership with USHOPAL Group, China’s main vertically built-in premium magnificence funding and model group, is launching SUQQU’s first cross border e-commerce expertise retailer in China by its owned luxurious magnificence retailer, Bonnie & Clyde. SUQQU will increase level of gross sales by Bonnie & Clyde.
Japanese world status model SUQQU was born in 2003 with the mission responds to the wants of fixing life, values and instances whereas serving to you to fantastically evolve with them.
“We’re delighted to introduce our first model expertise retailer in China with Bonnie & Clyde, to precise the multi-faceted charms of the model, in addition to our heritage & DNA. We hope the shop expertise would encourage the client to face up straight, to carry out the brilliance of individuality, and to get pleasure from every season of their time.”
Yoshiko Sudo, SUQQU Head of Advertising
Famend for its immersive storytelling and experiential retail, Bonnie & Clyde is within the vanguard of luxurious magnificence retailing in China assembly gen Z and millennial’s demand for curated discovery and storytelling by a multi-dimensional in-store expertise.
William Lau, Bonnie & Clyde’s CEO continues to see large progress potential for the model “amongst our avid and discerning gen Z and millennial buyers who’re excited by how we carry a model’s DNA to life by immersive retail storytelling.”
In 2020, USHOPAL Group was the distinguished companion launching SUQQU into the China market on-line and offline. This enlargement of present SUQQU counters into the model’s full expertise retailer will carry additional elevate the patron model expertise. With Bonnie&Clyde’s upcoming retail launch in ChengDu, they are going to proceed to double their retailer depend to over 12 high tier retail places in China’s main luxurious malls with retailer entrance subsequent to the who’s who of world manufacturers together with Chanel, Hermès and Dior, Bonnie & Clyde is uniquely positioned to drive discovery of SUQQU to a bigger universe of avid magnificence buyers throughout China.
Boasting a prestigious mixture of luxurious and premium retail model companions together with Chantecaille, Natura Bissé, ARgENTUM, Anastasia Beverly Hills, SUQQU, Juliette Has A Gun and REN Skincare, in two brief years, Bonnie&Clyde has emerged as a breakout chief within the luxurious retail house. Immediately it instructions the best unit value factors in luxurious magnificence retail by leveraging an ecosystem of 28 to 34 yr outdated luxurious customers propelling Bonnie&Clyde’s GMV to $20M.
Nonetheless, Lu Guo, USHOPAL’S founder and CEO, has a extra formidable imaginative and prescient for the luxurious magnificence group. ‘Our imaginative and prescient has at all times been to construct the main luxurious magnificence model group in China that offers Chinese language customers the chance to expertise the easiest world manufacturers and with this unique retail partnership we’re constructing on our imaginative and prescient.”
And with a profitable observe document as investor and omni-brand channel progress operator with the world’s main magnificence teams, Beiersdorf-owned Chantecaille, Unilever-owned REN, USHOPAL is on the quick observe to changing into a unicorn.
Furthermore, with an IPO within the works, it’s uniquely positioned to proceed to efficiently put money into, function, and scale luxurious magnificence manufacturers with world attain and extremely engaged gen Z and millennial magnificence communities.
From this vantage level, strategic funding is paramount. In 2021, USHOPAL accomplished a D spherical in 2021, elevating practically $100M to speed up model progress, create model worth, increase core operational capabilities, and enhance profitability by acquisitions and funding in infrastructure, digital advertising and marketing, and on-line and offline retail capabilities. Armed with capital, USHOPAL is actively purchasing for luxurious model investments to deploy capital and unlock model worth in mainland China.
USHOPAL’s particular standards for funding is confirmed model high quality and a observe document of progress. Usually, this interprets to 5 years of consecutive progress with revenues of $10-$50M+, owned patented expertise, clinically examined formulations, and distinctive model positioning with a loyal gen Z and millennial neighborhood.
Since its inception, USHOPAL has invested in, operated and scaled market main manufacturers equivalent to Spain’s high-end skincare model Natura Bissé, New York-based luxurious magnificence model Beiersdorf-owned Chantecaille, Japan’s high pure skincare model SUQQU, and UK model ARgENTUM, a favourite of Chinese language celebrities.
In 2020, along with Cathay Capital, USHOPAL accomplished the primary fairness financing of Juliette Has A Gun, a high ten area of interest world perfume model and, most just lately, accomplished a strategic funding in Japan’s No.1 DTC males’s skincare model BULK HOMME.
Web site: www.ushopal.com
CONTACT: Cherry Yu, E mail: [email protected]