Urban Revivo's parent company plans to expand its physical stores globally into Western markets like London and New York amidst a downturn in China, where the brand mainly sells online.
FMG aims to open 20 international Urban Revivo stores annually, potentially increasing to 50 per year in the future, with a goal of reaching a $13.8 billion valuation.
While Zara and H&M focus on e-commerce growth and reducing physical stores, Urban Revivo is looking to leverage its brick-and-mortar presence to enter the US market.
FMG is considering an IPO in Hong Kong to raise $100 million, showcasing its ambitious expansion plans and aspirations for significant growth.
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