Legend Capital Invests in Chinese Cosmetic Brand (Asia)

Source: Greater China Private Equity Review  |  Author: May Hui

Legend Capital, the venture capital arm of China-based investment group Legend Holdings, has invested RMB100 million (approximately US$15.8 million) in cosmetic retailer Yesa Cosmetic Group. Yesa, which carries five in-house cosmetic lines, as well as global brands, currently has 70 stores across China with plans to reach 300 by 2015. The company will use Legend’s investment to support retail expansion and brand building.