Fashion
Sino-Europe private equity firm Cathay Capital has made an undisclosed investment in Chinese home furnishing product retailer ABS through its Sino French SME Fund, says a company announcement.
“ABS stands out among the numerous other domestic home furnishing companies in China because it has established an innovative data-based development model and an omni-channel retail system,” says Cai Mingpo, president of Cathay Capital.
The private equity firm says it plans to leverage its home furnishing industry resources in China and France to assist ABS’ cross-border development.
Founded in 2009, ABS has developed from a tele and catalogue selling model to an omni-channel and direct sale model with the integration of an online retailing mall, offline brand stores and mobile apps.
