- Five Below
Investing in US based Five Below in October 2010 presented an exciting new opportunity for us in the high growth, extreme value sub-sector.
Five Below combines exceptional value with trend-right quality merchandise for teens and pre-teens in a vibrant shopping environment. The rapidly changing merchandise offering includes electronic accessories, sporting goods, games, fashion and school accessories, gadgets and more, all priced between $1 and $5.
Having successfully expanded fast-growing store concepts such as value chains Poundland and Takko and sports apparel retailer Lululemon into nationally known brands, high-growth retail is an area where we have a proven track record. With Five Below we recognized a best-in-class retailer with the potential for further growth and a management team dedicated to taking advantage of that opportunity.
Since 2002, Five Below’s clear demographic focus, dynamic store experience and exceptional unit economics have enabled the company to grow consistently, adding a further 40 stores during 2010 and 50 in 2011. The chain now has over 192 stores in 17 states and, with the trend toward value retail remaining strong, we look forward to further expansion opportunities in new US regions.
"With Five Below we recognized a best-in-class retailer with the potential for further growth and a management team dedicated to taking advantage of that opportunity"