FountainVest Partners led a $100m funding round in USHOPAL.

FountainVest Partners, a private equity firm that specializes in global brand investment, led a $100m funding round in USHOPAL, a new luxury beauty and new retail group in China, with participation from Cathay Capital, Zhongyuan Capital, Hengxu Capital and Dazhong Zhongsong Fund. "With this round of financing, the already cash-flexible USHOPAL will be even more equipped to invest in its portfolio, and Bonnie & Clyde experience centers. The USHOPAL leadership team has many years of brand-building and omnichannel-building experience, making it uniquely positioned to fuse story-telling and know-how to build up superbly differentiated niche luxury beauty brands into category leaders in China. We will continue to co-invest and reinforce USHOPAL's brand matrix to become a retail group bold and respected globally," Lu Guo, USHOPAL CEO.