Mitsui & Co. (U.S.A.), Inc. ("Mitsui USA", Headquarters: New York, President and CEO: Yasushi Takahashi), today announced a strategic investment in Indochino Apparel, Inc. ("INDOCHINO"), the global leader in made to measure apparel, selling its products under the brand name, INDOCHINO. INDOCHINO started out as an online made to measure suit retailer, which has expanded its retail touch points to enable its customers to order their made to measure clothing online, via mobile or in person at INDOCHINO showrooms.

Mitsui & Co., Ltd. (“Mitsui”), the parent company of Mitsui USA, identified Retail & Services as one of its group’s areas of strategic growth in the Medium-term Management Plan announced in May 2017. In the fashion and textile business, Mitsui has expanded its points of contact with consumers, primarily through brands such as Paul Stuart and Max Mara, and most recently through its investment in Bigi Holdings Co., Ltd., a Japanese apparel company with renowned Japanese brands such as yoshie inaba, and Papas.

Mitsui also recently announced its Digital Transformation (DT) Strategy. Through the use of digital technology, Mitsui will drive productivity improvement and business model innovations in a wide range of industries.

In pursuing the aforementioned strategies in the fashion and textile business, Mitsui is focusing on investments in Direct-to-Consumer (D2C) digital retailers, such as INDOCHINO, as well as in service providers who provide digitally enhanced solutions (for example AI, IoT, etc.) to enable retailers to implement DT in their existing businesses.

Mitsui USA’s investment and strategic collaboration will help INDOCHINO accelerate its North American expansion plans and investment in its global operations and supply chain.

 

Profile of Indochino Apparel, Inc.

Company Name	Indochino Apparel, Inc. (“INDOCHINO”)
Head Office	Vancouver, B.C., Canada
Establishment	2007
Representative	Drew Green - President, Chief Executive Officer and Director
Employees	450+ (as of January 2018)
Shareholder	Highland Consumer Partners,  Madrona Venture Group, Dayang Group Co., Ltd., Mitsui & Co. (U.S.A.), Inc., Drew Green
Business Activities	Made to Measure and custom apparel and accessory retailer

 

ABOUT INDOCHINO

 

INDOCHINO (www.indochino.com) has updated the traditional tailoring experience for the modern man. Inspired daily by the belief that men don't need to spend a fortune for custom clothing, the brand creates an elevated experience without the high price tag usually associated with made to measure.

 

INDOCHINO is the first online company to disrupt the retail sector by delivering mass one-to-one apparel garments for its customers. The company's multi-touch customer experience allows men to order their made to measure clothing online, via mobile or in person at INDOCHINO showrooms.

 

ABOUT MITSUI USA

 

With a long history in the United States, Mitsui & Co. (U.S.A.), Inc. (“Mitsui USA”) is a wholly owned subsidiary of Mitsui & Co., Ltd., Tokyo, Japan, one of the most diversified and comprehensive trading, investment, and service enterprises in the world. Mitsui & Co., Ltd. pursues “360° business innovation” that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects. More information about Mitsui USA may be found at www.mitsui.com/us.