China-based clothing brand Fujian SeptWolves Industry is set to launch a RMB 1bn ($160m) investment fund, China Money Network reported today, citing a regulatory filing.
Founded in 1990, SeptWolves primarily produces a range of men’s clothing, but also makes clothing for adjacent customer bases through its Sepewolvs, SWladies and SWkids brands.
The fund will look to acquire stakes in emerging fashion brands and companies that can help SeptWolves integrate its online and offline retail capabilities.
SeptWolves will source the capital for the fund from a 2012 share offering in which it raised about $290m.
Most of the proceeds had been earmarked for commercial property acquisitions that would have enhanced the company’s retail network, but these plans have subsequently been impacted by rising property prices in China.
– Photo courtesy of Fujian SeptWolves Industry Co., Ltd.