DRC Acquires Stakes in Chan Luu

DRC Capital, through its DRC II Fund and DRC III Fund, has invested in Chan Luu, a Los Angeles based jewelry and accessories company. According to DRC, Ms. Chan Luu, the designer and the founder, will remain active in the company and will be based in Los Angeles, California.

Chan Luu products are made in Vietnam, where the designer is from, and the US and Japan account for the vast majority of its sales. DRC has formed Chan Luu Japan to optimize and beef up its business in Japan and aggressively expand into the Asian market.