SEOUL, September 15 (AJP) – South Korean eyewear and style firm Taeseok Optical has utilized for preliminary approval to checklist on the KOSDAQ, beginning the evaluation course of for a possible market debut, the corporate mentioned Tuesday.
The corporate mentioned it submitted the preliminary listing software to the Korea Change (KRX), a required step earlier than continuing with an preliminary public providing (IPO).
Based in 2015, Taeseok Optical has constructed its enterprise round eyewear manufacturing, sourcing and distribution. Its technique facilities on creating and securing merchandise rapidly to reply to altering style traits and client demand.
Its portfolio consists of Viewmap and SUPPORT LIGHT, two eyewear manufacturers created by the corporate, in addition to Brera and Harry Mason, which it later acquired.
It has additionally broadened its lineup by distribution licenses for international style manufacturers together with Vera Wang, TUMI, Anna Sui, Maje and AllSaints. The licenses permit it to develop its eyewear enterprise underneath established international labels within the nation.
Extra just lately, Taeseok Optical has expanded past eyewear into different style merchandise, utilizing its sourcing and distribution community constructed by its core enterprise.
That growth has supported fast progress. The corporate mentioned income elevated at a compound annual progress charge of 115 % over the previous three years.
Its gross sales community has additionally widened from home-shopping channels to malls, duty-free outlets, on-line malls and its immediately operated flagship retailer in Seoul’s Seongsu district.
Taeseok Optical mentioned it plans to adapt gross sales methods to the shopper base of every channel as it really works to strengthen its manufacturers and improve income.
AJP Takeaways
– Taeseok Optical has entered the preliminary evaluation course of for a KOSDAQ listing.
– Taeseok Optical sells its personal eyewear manufacturers and merchandise underneath international labels together with VERA WANG, TUMI, ANNA SUI, MAJE and ALLSAINTS.
– Taeseok Optical mentioned income grew at a compound annual charge of 115 % over the previous three years as its gross sales channels expanded.
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