Vancouver-based men’s made-to-measure brand Indochino has secured a strategic investment to accelerate its North America expansion plans and invest in its global operations and supply chain.
Trading firm Mitsui & Co made the investment and is the third global corporation to forge a strategic partnership with Indochino in the last several years. Its new shareholders include Dayang Group, the world’s largest suit manufacturer, and Postmedia Network, one of Canada’s largest media companies.
“Indochino has established a new way for men to experience well-fitting garments with ease and affordability,” says CEO Drew Green. “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. Mitsui’s global footprint and its expertise scaling and operating international businesses will be invaluable as we prepare for the next phase of growth and scale as a global apparel brand.”
Mitsui, which has a track record of cultivating pioneering business models and growing global businesses, says its investment in Indochino reflects both its appreciation for the company’s mission and execution and its commitment to helping the business achieve global scale.