Apparel manufacturer Dayang has invested $31.6m in fitted suit supplier Indochino as part of a five-year strategic alliance agreement.
Apparel producer Dayang Group has invested C$42m ($31.6m) in Canada-based made-to-measure menswear company Indochino in conjunction with the formation of a five-year alliance agreement.
Founded in 2007 as a chiefly online business, Indochino supplies customised, fitted suits from luxury fabrics. It owns retail showrooms in seven North American cities and serves customers in 130 countries.
Dayang’s investment will enable Indochino to bring in three new suit silhouettes, triple its suit and shirt fabric selection, and quadruple the range of suit…
