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Private Equity firm KKR has taken up a “significant stake” in massage chair and lifestyle products group V3, the owner of the OSIM and TWG Tea brands. KKR’s investment is up to S$500 million in V3, valuing V3 at an enterprise value of about S$1.7 billion.…
Private equity company KKR is to invest as much as S$500 million (US$366 million) into V3, the parent of cafe chain TWG Tea and massage chair retailer Osim, to fund regional expansion. In a deal which mixes equity and financing, KKR will take an unspecified…
Health appliance retailer Osim says its core business is helping it maintain stable gross margins in a retail market it described as “soft” throughout the region. Osim’s core is its 546-strong chain of Osim branded stores in 23 countries, which sell…
Singapore based lifestyle products retailer Osim says trade across all its core markets were soft in the last three months. “This has been another challenging quarter,” the company said, declaring sales of SG$159 million and a profit of $29 million. “Despite…
A weak retail scene hit second-quarter sales at Osim International. Revenue for the three months to June 30 was down 12.7 per cent to $159.5 million, while net profit declined 25.5 per cent to $21.9 million. Despite soft retail sales across its core…
Lifestyle company Osim has posted a 53 per cent profit drop for the first quarter on declining sales. The retailer of massage chairs and other remedial devices, says sales fell 13 per cent quarter-on-quarter, blaming a lack of new products and a drop-off in…
