Con Cưng

Business focus

Consumer Brands, Apparel & Retail

Description

Con Cưng, founded in 2011, is a Vietnamese mother-and-baby retail chain with more than 600 company-owned stores across 45 provinces. In 2022, Quadria Capital invested USD 90 million to support the opening of 2,000 more stores and the development of an all-in-one super-app for around 5 million Vietnamese mothers. Over the prior four years the company had grown at a roughly 70% compound annual rate and targeted USD 2 billion in sales by 2025, with at least 30% expected from e-commerce.