Fashion

Chinese equity firm acquires majority stake in Jason Wu


Green Harbor, a private equity fund from China, has bought a majority
stake in JWU, the parent company of Jason Wu’s eponymous label. The news
was announced by Green Harbor on its WeChat account. The company did not
disclose any details about the acquisition.

The majority stake was purchased from the American investment firm
InterLuxe, which acquired the label in 2014. Another Chinese firm, Zhejiang
Semir Garment Co, also owns an 11 percent stake in the brand.

Born in Taiwan and based in New York, Jason Wu founded his namesake
label in 2006. From 2013 to 2018, Wu also served as Creative Director of
German label Hugo Boss. He is one of the most celebrated designers in
American fashion, having won the Swarovski Award for Womenswear at the CFDA
Fashion Awards in 2010.

Green Harbor was founded in 2015 and invests in a number of different
sectors, including healthcare and education. Jason Wu is their very first
investment in fashion. It is also the first American company they
acquire.



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