Stripe International acquires a 70% stake in Global Fashion and Vascara.

Stripe International, a leading clothing and accessories retailer acquires a 70% stake in Global Fashion Group, a leading Vietnamese fashion clothing retailer and it's subsidiary Vascara. Financial terms were not disclosed. With the investment and capital increase of Stripe International in Vascara, it will help the brand to grow stronger in the coming time, launching many models of fashionable shoes and bags at reasonable costs for Vietnamese consumers. "With Stripe International's experience, Vascara will launch more new quality products, increase the number of stores faster and help the goods reach more women across the country.” Le Canh Bich Hanh, Global Fashion CEO.