Padini
Padini Holdings Berhad is an investment holding company based in Malaysia that sells shoes, garments, ancillary products, children’s garments, maternity wear, and accessories through its various subsidiaries. Its most notable brands are Padini and VINCCI. The company primarily exports its manufactured goods to the Middle East and Southeast Asia.
Background
Padini products are sold in retail flagship stores and concept stores. The Padini Concept Store is a concept which houses all Padini Holdings brands under one roof or “one-stop-shopping”. The first of such outlets was opened in Johor Bahru City Square, Johor Bahru, Malaysia in 1999. Padini Holdings Bhd focuses on fast retailing, where new products come online within weeks. Currently, its stores are scattered all around the country with store locations in Pavilion Kuala Lumpur and Mid Valley Megamall.History
Padini began its operations under the name Hwayo Garments Manufacturers Company in 1971. Initially, it was primarily involved in garment manufacturing and wholesaling. However, it entered the retail industry in 1975 with its flagship brand, Padini. In 1981, VINCCI was established to market ladies' shoes, bags, belts, and other accessories. Over the following decades, the company launched several other brands, including MIKI, SEED, ROPÉ, P & Co., and Padini Authentic labels.In 1991, the Home Stores Sdn Bhd was launched to hold all the companies involved in the group's retail, wholesale, and manufacturing businesses. The following year, it was renamed to Padini Holdings. In 1995, Padini Holdings Sdn Bhd became a public company limited by shares and changed its name to Padini Holdings Berhad. It was also listed on the Second Board of the Kuala Lumpur Stock Exchange.
In 2000, Padini Dot Com Sdn Bhd was established to provide electronic business services and solutions for the group. In 2005, Padini Holdings was transferred to the Main Board of the KLCI Bursa Malaysia.