Hals Cosmetic and Fashion

When exited Hals was Vietnam’s leading retailer and distributor of third-party premium cosmetics. The company had exclusive distribution agreements with L’Occitane, Clarins and Bvlgari in Vietnam. Hals also had the exclusive Vietnamese distribution right for Esprit, and company was therefore also involved in fashion. The company’s high margin products were primarily sold through its own retail network, which accounts for over 90% of total sales.

Penm I exited this investment in 2013.