Zoyi takes controlling stake in niche Chinese apparel brand
Zoyi Capital, the PE firm set up by Andrew Kuo, formerly of The Blackstone Group, has made its debut investment in Pink Mary, a Chinese manufacturer and distributor of high-end women’s apparel.
Zoyi will take a controlling stake in the business but the founders will retain an equity interest and continue their involvement. Founded in Shanghai in 2003, Pink Mary is known for its elaborate hand-knitted...
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