Seven Wolves Plan To Spend $300 Million On Retail

　　 Seven wolves In the evening of November 19th, it was announced that in order to promote the strategic upgrading of the company, the company should take advantage of the professional advantage team to promote the pace of investment in the company. The company intends to cooperate with Shanghai Hongzhang Cci Capital Ltd (hereinafter referred to as "Hongzhang capital") to launch the domestic RMB fund - Shanghai Hua Shang Hong Zhang investment and Investment Center (limited partnership) (tentatively named by business registration), and invest in large and medium-sized enterprises of domestic consumption and retail.

The fund is managed by Hong Zhang capital as the fund manager. Its target raising scale is 600 million yuan, and the seven wolves as the cornerstone investor subscribed 300 million yuan. As the cornerstone investor, the seven wolves have the right to appoint 1 members of the investment decision-making committee. Before the fund raising scale reaches 5 hundred million, the company makes investment. project Have one vote veto.

The fund mainly invested in consumer brands, chain stores, retail enterprises and Internet related businesses. The investment industry includes, but is not limited to, clothing, accessories, food, beverages, restaurants, supermarkets and other large consumer industries. The investment strategy is growth and holding merger and acquisition mixed investment strategy. The duration of the fund is six years. It is reported that Hong Zhang capital is an investment management institution focusing on the consumption and retail sector.

In recent years, the seven wolves face the continuing downturn in macroeconomic environment and the impact of consumption demand transformation on traditional men's clothing industry. In 2013, the performance of the seven wolves declined for the first time since listing. The total operating income reached 2 billion 773 million yuan, and the net profit attributable to the owners of the parent company was 379 million yuan, compared with the previous year. part Down 20.23%, 32.44%. In the first three quarters of 2014, the operating income was 1 billion 731 million yuan, the net profit attributable to the owners of the parent company was 228 million yuan, representing a decrease of 25.06% and 38.74% compared with the same period last year, and the company urgently needed to carry out strategic transformation and upgrading.

Seven wolves said that the company has made clear the strategic direction of investment + industry. On the one hand, by optimizing the existing business of the "seven wolves" brand, it rebuilt the market appeal of the "seven wolves"; on the other hand, through the investment in the fashion consumption field, it built a new profit growth point, and finally made the company into a fashion group with "seven wolves" brand as the leading group. This partnership will help the seven wolves to provide support and help for the investment and merger and acquisition of the company's consumption field with the help of the investment resources and rich experience of Hong Zhang capital in the consumption and retail industry, so as to help the company acquire new investment opportunities and new profit growth points, thereby enhancing the core competitive advantage of the company, enhancing the company's ability to resist risks and expanding the growth space of the company, so as to provide assistance for the realization of the company's strategic objectives.