, Vietnam

Vietnam’s HSV Group clinches investment from Mekong Capital

The investment aims to speed up its store network growth.

Vietnam-focused Mekong Capital announced that the Mekong Enterprise Fund IV has completed an investment into HSV Group, the country’s largest cosmetics retailer, according to a press release.

The investment aims to speed up HSV Group’s store network growth and widen their brand assortments whilst elevating the customer experience. The company is also looking to strengthen their corporate culture and enhance the capabilities of its leadership team.

Started in 2005 as the exclusive distributor of LG Cosmetics’ The Face Shop, 12 years later, HSV Group expanded to become a distributor of sportswear brand Adidas and Reebok products. 

As of 30 June, HSV Group has self-operated 105 stores. In 2018, it opened its own multi-brand cosmetics chain under the brand name Beauty Box, which now has 11 stores nationwide. Beauty Box operates under Retail-tainment concept.
 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Tailor-fitting retail stores to catch up on the digitisation race
Retailers would need over 200 hours to manually digitise their products, but Fairmart claims this could be trimmed down to zero.