BAPE Owners I.T Group Take Minority Stake in Acne Studios

I.T Group has invested in a variety of fashion labels over the years, perhaps most notably taking direct ownership of BAPE in 2013. The Hong Kong-based company's latest investment is a joint venture with China's IDG Capital, with the groups taking 10.9 and 30.1 percent shares (respectively) of Sweden's Acne Studios. As The Business of Fashion notes, Acne Studios has entertained chats with possible buyers since 2013, with potential suitors ranging from private equity firms to luxury conglomerate ...