[ad_1]
New York, NY January 18, 2022 -(PR network)– BDA Partners is pleased to announce that its client, a shareholder of Con Cung Investment Corp (“Con Cung”), has sold a minority stake to Quadria Capital. With the support of Quadria Capital and existing institutional shareholders, Con Cung’s co-founders will continue to drive the company’s growth. Part of the proceeds will be used to support the further development of Con Cung.
BDA is Con Cung’s exclusive financial advisor.
Con Cung is Vietnam’s leading mother and baby (“M&B”) retail chain with nearly 600 stores in 48 provinces. As a one-stop M&B solution provider, Con Cung has a diverse product portfolio including baby food, diapers, children’s clothing, toys and personal care products, including private labels and third-party brands.
The company has an integrated management system covering all business links, from store development, marketing, planning, logistics to finance and accounting. Con Cung’s systems help ensure efficient day-to-day interactions between business functions, minimize labor costs, track store performance in real-time, and optimize store assortment and inventory management.
With a strong IT foundation, the company was able to rapidly expand its store network and form an integrated omni-channel business model. Con Cung’s mobile app provides customers with a customized and seamless shopping experience from online to offline, and aims to be a leading e-commerce “super app” that provides quality M&B products and personalized solutions to Vietnamese families.
Nguyen Quoc Minh, Chairman of Con Cung, said: “Over the past decade, Con Cung has rapidly grown into Vietnam’s leading top-tier mother and baby retailer; our strong technological background has helped us capture…
The full story is available on Benzinga.com
[ad_2]
Source link
