INDOCHINO recently announced a strategic investment by Mitsui USA. The investment and strategic collaboration will help INDOCHINO accelerate its North American expansion plans and investment in its global operations and supply chain.
Why this Matters: INDOCHINO continues to transform men’s apparel by making custom clothing accessible and affordable for everyone through its unique, experiential approach to online and offline retail. The company grew revenue more than 50% for a second consecutive year, achieving full year EBITDA profitability and expanding from 10 to 20 showrooms in 2017.
Mitsui is among the world’s most diversified trading, investment and services enterprises, with a strong track record of cultivating pioneering business models and growing global businesses. Mitsui’s investment in and strategic collaboration with INDOCHINO reflects both its appreciation for INDOCHINO’s mission and execution and its commitment to helping the company achieve global scale.
Notable Quotes: “I have admired Mitsui for many years and could not be more proud to welcome them as a shareholder and partner. INDOCHINO has established a new way for men to experience well-fitting garments with ease and affordability. Our strong sales and earnings growth demonstrate that the INDOCHINO brand resonates with consumers and has become a mainstream alternative to ready-to-wear clothing.” – Drew Green, CEO of INDOCHINO
“We are very pleased to be joining INDOCHINO as an investor and strategic partner. We believe Drew and his team have done an outstanding job in building INDOCHINO into one of the industry’s most innovative and dynamic companies, and are truly excited by the prospect of working together towards achieving the company’s long-term goals and objectives.” – Mr. Iwai, SVP & Divisional Operating Officer of Consumer Service Business Div., Mitsui & Co. (U.S.A.)