Cathay Capital, an investment firm, completed the acquisition of a minority stake in SNOCKS, a digital-native basic apparel brand. Financial terms were not disclosed. “We are very proud of all that SNOCKS has accomplished until now as an independent startup and we are convinced that we have found in Cathay Capital the ideal partner to bring our business to new heights. We believe that we can strongly benefit from their proven track record and international network in the field, and we are impatient to work alongside their teams to reach the next level," Johannes Kliesch and Felix Bauer, SNOCKS Managing Directors and Co-Founders.