KKR has invested in Vats Liquor Store, the largest nationwide liquor store chain operator in China.
"KKR is a world-class institutional investment firm and a pioneer in the global private equity industry, with an outstanding investment track record globally and within China," says Xiangdong Wu, chairman of Vats. "We are proud to have KKR as our shareholder, which validates Vats’ long-term growth potential and proven business model."
"We are excited to be partnering with Vats, the leading franchise in China’s liquor distribution industry," adds Xiang Li, managing director of KKR Greater China. "We look forward to fully utilising our global resource and expertise, working closely with the outstanding management team at Vats to support the future development of the company."
Founded in May 2005, Vats operates more than 270 liquor stores covering all provinces in mainland China. The company holds sole distribution rights to a portfolio of Chinese liquor brands including Wuliangye Vintage Series, Guyuelongshan Vintage Series, Zhenjiu and Xiangjiao. The company also distributes local premium wine brand Shangri-la wine, French wines such as Petrus, Lafite, and Latour and scotch whiskey Laphroaig.
