Recently, KK Group announced on the Hong Kong Stock Exchange that it will terminate the appointment of Credit Suisse (Hong Kong) Limited as one of the joint coordinators for its IPO, effective from October 13, 2023. As of the date of this announcement, KK Group has appointed Morgan Stanley Asia Limited as its joint coordinator.
According to information obtained from insiders at KK Group by TrustWind (ID: TradeWind01), Credit Suisse's withdrawal is due to internal reasons.
As of the update of the prospectus, KK Group has four self-incubated retail brands, namely KKV, THE COLORIST, X11, and KK Guan, with a total of 696 stores covering more than 190 key cities in 31 provinces in China and 22 cities in Indonesia.
Based on the GMV in 2022, KK Group is one of the top three lifestyle consumer trend retailers in China and the fastest-growing lifestyle consumer trend retailer among the top ten market participants in the country. The compound annual growth rate of GMV from 2019 to 2022 is 88.6%.
In 2022, KK Group achieved revenue and net profit of 3.55 billion yuan and 90.6 million yuan respectively, reversing the loss compared to the same period last year.

KK 集团，一家潮玩零售商，与大摩合作，继续向港股市场发起冲击。