'Plastic sunglasses, star vision, 135.7 billion won investment ...  in  Fashion

Back by:  HyonJoo.Kim  on  June 5, 2018 12:08 PM

'Plastic sunglasses, star vision, 135.7 billion won investment ...

131877_67901_2346

Starvision, a company specialized in star marketing such as 'Hanilensen' and 'Suzy Sunglasses', specialized in beauty content lens and fashion sunglasses, succeeded in attracting investment.

VIG Partners, an investment specialist company, announced on June 4 that it has entered into an agreement with Starvision to invest about KRW137.5 billion.

According to VIG Partners, the investment of 104.5 billion will be used to acquire 41.8 percent of the 100 percent stake held by the founder, Park Sang-jin. The remaining 33 billion is spent to acquire the company's convertible preferred stock.

STAR VISION was established when Mr. Sang-jin Park converted his personal business "Doctor Eye," which had been operating since 2007, into a corporation in 2012. Beginning business in earnest growth by opening the first store of beauty contact lens special franchise o-lens (O-LENS) in 2010 to engage in business to sell beauty contact lens online at the beginning of the business.

In 2014, the company expanded its business by launching the fashion sunglasses brand CARIN, a Scandinavian emotional design. In recent years, we have been focusing on European countries such as Germany, Italy, Greece, the Netherlands, and Sweden, and are planning for growth in the global market in the future.

In particular, after Celebrity Suzy (the famous distributor) has been used as an advertising model for Karin, it has established a strong position in the rapidly growing fashion sunglasses market, called 'Suzy Sunglasses'. In addition, since the launch of the OLED Lens Group's EXID member, 'Hani (My Name is Anhee Yeon)' in 2015, the lenses that were released by Oh Lens were called 'Honey Lens' and attracted attention.

At present, O-Lens is being sold through 280 franchise stores nationwide (contact lenses are not available for sale online), and Karin is being sold through 390 online stores and online channels including department stores, duty-free shops, and their own stores.

Until now, the two business divisions have concentrated on domestic market growth without going overseas. The company achieved sales of 58.1 billion won and operating profit of 18.2 billion won last year.

Mr. Sang-Jin Park said, "Star Vision is now in the midst of a full-fledged growth through product advancement and global market entry." "While we were looking for a partner to do this process, we met VIG Partners to attract investment.".

Vice Chairman Lee Cheol-min of VIG Partners said, "Starvision has experience in creating new business areas by adding beauty functions to contact lens products that only had vision correction functions, and experience of putting their sunglasses brand in competition with global brands. It is a very unique company, "he added." In reviewing our investment in companies that will lead the next generation of 'K-fashion' and 'K-Beauty,

In the future, the management of the company will lead the existing management team led by Park Sang-jin and the new professional staffs to be appointed by VIG.

Meanwhile, VIG's investment is expected to be completed in early July and is the sixth investment in the VIG No.3 fund, which is worth 700 billion won. This transaction was made by EY Hanyoung Accounting Corporation. 

views
Source:
Fashion Link: kstarfashion
uploaded images.
  •  [Star & Trend] What shoes do you wear in summer? # Ugly # Sachs # White (415,626)

    'Red Velvet' Joy # Ugly Shoes The girl group 'Red Velvet' Joy wears the good shoes and directs the retro airport fashion. On June 12, Joy showed up at Incheon International Airport to match the windbreaker with the color scheme and a denim suspenders dress. Here we ..... by HyonJoo.Kim

  •  What is the daily fashion of Suzy? "Unique beauty" (419,454)

    Singer and actress Suzy also boasted in the everyday fashion, which was very special. Recently, Suzy released several photos of her usual routine in her Instagram. Suzy posed in an outdoor cafe. Suzy dyed with reddish brown hair showed casual styling in a black..... by HyonJoo.Kim

  •  Crystal stone earrings, item (416,886)

    The ear is small, but it is a clickable accessory, creating new and more impressive points for people. With the stars too, whether the costumes are simple or sophisticated, they also do not forget to decorate a pair of impressive earrings. But coincidentally, suddenly this ti..... by HyonJoo.Kim

  •  ★ 'Sunglasses' trend in the field (432,783)

    ◇ A stinging eye ... 'Cat's Eye Sunglasses' Actress Gong Hyo Jin, best known as "fashionista," has completely extinguished the sleek Cat's Eye Sunglasses at the 2018 S / S Fashion Week.  Actress Go Joon-hee added a point to the slim and elegant brown look with sli..... by HyonJoo.Kim

  •  'Plastic sunglasses, star vision, 135.7 billion won investment ... (431,850)

    Starvision, a company specialized in star marketing such as 'Hanilensen' and 'Suzy Sunglasses', specialized in beauty content lens and fashion sunglasses, succeeded in attracting investment. VIG Partners, an investment specialist company, announced on June 4 that it has enter..... by HyonJoo.Kim

  •  "Shopping without soul NO" ... Fashion Keyword 3 (450,281)

    ◇ Challenge every day with one-color look fashion, shirts, and suits The 'One Color Look' which completes all the looks in one color is popular since last year. This year, too, a lot of stars showed up in Fashion Week to show a one color look.  ◇ The rebellion o..... by HyonJoo.Kim

  •  Suzy, like a 20-year-old college student 'retro denim look' (462,656)

    T-shirts and denim alone are pure. Singer and actress Suzy showed a sense of comfort and sense of denim.  On the morning of May 25th, Suzy was departed from Incheon International Airport to attend the Hong Kong fan meeting. On this day, Suzy produced a denim look ..... by HyonJoo.Kim

  •  Pink Suzy is a self-centered (480,511)

    The lovely ending is the pink styling of the king. Suzy, who fell in love, revealed the daily life that reminds me of her paintings. Suzy visited the boutique showroom 'Karin Hongdae Lounge' recently opened and enjoyed the leisure time by staying in the lounge, watching..... by HyonJoo.Kim

  •  Crystallization of Suzy, the girlfriend look (494,636)

    The singer and actress Suzy released a picture of her girlfriend's look. Suzy in the public picture caught my eye with a daily look that looked more relaxed than ever under the warm sunshine of a leisurely afternoon. Suzy showed a youthful casual look with colorful shir..... by HyonJoo.Kim

  •  Suzy, unrealistic legs called jealousy (510,585)

    Suzy showed off the "over-wall" denim fit through the picture. Suzy in the public picture captures the attention with its beautiful mature and attractive pose in a whitish white background. Especially, she wears denim pants and short pants and is attracting unrealistic ..... by HyonJoo.Kim

Comments

We welcome your comments, but please be civil, DO NOT SPAM ON TOPIC. Comments deemed inappropriate will be removed and repeat will banned. Commention is a provilege that will be revoked for violations od our Comment Policy .

Comments from our old comments platform are still in the process of moving over. If you notice any comments missing they will likely re-appear soon. Thnk you for your patience.