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August 14, 2009

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Home » Business » Consumer

Trinity revives IPO in HK

By Donny Kwok | August 14, 2009, Friday | Print Edition
MENSWEAR retailer Trinity, controlled by the parent of Li & Fung, has revived a listing plan and aims to raise at least US$200 million in a Hong Kong IPO before the end of this year, a Hong Kong newspaper reported yesterday.

Trinity, privately held by the Fung family and chaired by Li & Fung's Chairman Victor Fung, has appointed JPMorgan and Citigroup as sponsors of the issue, but no application has yet been submitted, Ming Pao Daily News said, citing sources close to the sponsors. It gave no further listing details.

A Li & Fung spokeswoman declined to comment on the report.

Trinity operates seven premium menswear brands and a network of over 430 mono-brand outlets in 38 Chinese cities.

The brands include Altea, Cerruti 1881, D'urban, Gieves & Hawkes and Intermezzo. The firm also operates 35 joint ventures stores to retail the Salvatore Ferragamo brand in South Korea, Singapore, Malaysia and Thailand, Trinity said on its Website.

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