Singapore Fashion Brand Lovebonito Plans First US Store In 2023, Eyes IPO: Report - Ralph Lauren (NYSE:RL), Gap (NYSE:GPS)

Singapore's Direct-to-Consumer retailer Lovebonito Holdings is planning to open its first U.S. brick-and-mortar store in 2023.
Love, Bonito female fashion brand, Reuters reported, is backed by investors, including Chinese buyout firm Primavera Capital Group.
"The U.S is really one of the big bet markets for us that we want to double down on," the report quoted CEO Dione Song.
"There's a huge Asian diaspora market, Asian expats, Asian population there - they really want the right products that can really fit them well, that really speak to them," she added.
The CEO also said the brand has plans for an IPO but did not provide specifics.
Among the other investors in LoveBonito are Singapore-based Openspace Ventures, Japanese comparison-shopping site Kakaku.com, Shanghai-headquartered venture capital firm Ondine Capital and Japanese fashion chain store Adastria.
Lovebonito, founded in 2010 has 16 stores across Singapore, Malaysia, Indonesia, Cambodia and Hong Kong.
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