FashionValet (FV), one of South-East Asia’s leading fashion e-commerce platforms, will be taking its company to the next level by listing on Bursa Malaysia.
Chief creative officer Datin Vivy Sofinas Yusof said the plan to list was in the pipeline and would take place sometime within the next few years.
Following the closing of a Series C investment from sovereign fund Khazanah Nasional Bhd, Vivy Sofinas said FV is planning for further physical market expansion and wider digital penetration.
FV recently raised an unspecified amount from the fund, which would be used to upgrade its technological infrastructure, open more brick-and-mortar retail locations, and expand the company’s presence in Malaysia and South-East Asia.
Founded in 2010, the online fashion portal now hosts 500 South-East Asian designers and caters to customers globally.
It has physical stores in Malaysia (Pavilion and Bangsar Village II), Singapore and Brunei. Digitally, it serves customers in more than 15 countries, including several Middle Eastern countries, the UK, US and Australia.
Vivy Sofinas’ own personal brand, dUCk, would be absorb under FV for the upcoming listing.
“dUCk is a brand specialising in scarves, stationery, home and living accessories, and cosmetics,” she added.
The latest kid on the block, dUCk Cosmetics is a halal cosmetics brand that offers the latest in tones and colours for lipsticks, lip gloss and eyeshadow.
dUCK recently opened its third retail outlet in Suria KLCC, next to luxurious international brands such as Gucci, Chanel and Dior.
Moving forward, she said two new dUCk stores will be opened in Singapore and Dubai. — Bernama