Sign in | Join free

Vancl acquires online apparel retailer crucco

Vancl acquires online apparel retailer crucco Source:
Date: 06-03-2013
Visits: 243
Very Poor

Vancl (Beijing) Technology Co, an online clothing retailer, said on Monday it will acquire Crucco, a business-to-customer online apparel retailer, with cash and through a share-swap deal.
Crucco's valuation is at about 10 million yuan ($1.6 million).
Chen Nian, founder and CEO of Vancl, said that the deal was based on the recognition of the work done by Crucco's CEO Xu Xiaohui and his team.
Crucco will become Vancl's first sub-brand, and will continue to be operated and managed by Crucco's team.
Chen also said that Vancl will seek more brand acquisitions this year.
Established by Xu, the former deputy president of Vancl, Crucco's annual sales reached more than 10 million yuan since it started operations two years ago.
like 180 Unlike 20
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32367 Users
have already joined Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Enter the code
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
Members Login
Already registered
Forgot your password
golden fees
Enter your e-mail address
Choose your room