CVC Capital Bags Co-Ownership of A Bathing Ape

Following the delisting of I.T from the Hong Kong Stock Exchange, A Bathing Ape (BAPE) became an independent company, but after successful completion of an investment, the company will now be co-controlled by private equity firm CVC.

With over 90 companies worldwide and 450,000 employees, CVC has roughly $117.8 billion in assets under their management, meaning it's likey A Bathing Ape will be in safe hands from here on out.

It's no secret since the start of the pandemic there's been a monumental rise in the popularity of online shopping and CVC believe they can help grow BAPE's online presence in Europe the US and China. Alongside this, CVC is reportedly looking to bolster BAPE's online selection to aid this planned growth meaning we're likely to see a lot more product available online in general.

BAPE and all of its subline brands including AAPE by A Bathing Ape, Baby Milo, BAPE Black and Mr Bathing Ape are all expected to delve deeper into the regions of Europe, China and the US, which in turn could mean the biggest explosion of popularity the brand has seen so far.

While this all sounds like a solid plan, only time will tell what will be in store for BAPE next. In related news, the BAPE x New Balance 2002R Collection finally has a release date!