Youngone Invests $176 Million in Scott Sports
The South Korean outdoor apparel maker is making an additional investment of CHF 150 million ($176 mm) in bicycle brand Scott Corp SA to expand its eco-friendly outdoor business beyond its primary focus on ODM manufacturing for clothing. The investment was made in the form of a loan to shore up additional liquidity in the brand and improve its financial structure. Youngone acquired 20% of the ... Log in to view full article.
