Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Netherlands
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-06-30
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Suit Supply
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 7.77 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 7.00 MLN
Converted using 2016-06-30 exchange rate.
Loan Amount (USD): $ 7.77 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 7.00 MLN
Converted using 2016-06-30 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2018-01-23
SUIT SUPPLY ASIA HOLDING BV
FMO-47918

Project Description
According to FMO website, Suit Supply is a leading, successful and award winning men's fashion brand, operating through its own extensive retail network. Suit Supply has a strong track record, growing from one store in 2000 to sixty-one stores in fifteen countries in 2015. In 2014 Suit Supply entered the Chinese retail market by opening one try-out store in the center of Shanghai. The result of this store has been deemed a success by the management and subsequently a second flagship store was opened in Shanghai in June 2015. The FMO loan will provide Suit Supply the opportunity to execute their global expansion plan in Asia. Asia’s fashion and apparel market growth will continue to lead global growth and will surpass demand in both West Europe and North America.
Investment Description
Contact Information
No contact information provided at the time of disclosure.