Platinum Equity, Singapore’s investment firm is set to acquire majority stakes in one of Hong Kong’s oldest swimwear and lingerie brands Hop Lun.
Founded by Mr Erik Ryd in 1992, the brand is also one of the world’s largest manufacturers and designers of intimate wear. It is also one of the leading providers of bra solutions to the US, EU and the UK.
Mathew Louie, Managing Director, Platinum Equity said the Hop Lun was an ideal platform with numerous ways to expand and evolve. He added that they were looking forward to work with Ryd to augment investments for the company’s growth in an organic manner and via strategic M&A. He said that this will expand the brand’s production capabilities, consumer base and other brands owned by the mother brand.
Mr Ryd will aid in leading the business as before while retaining a significant stake in the brand as well.
