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AS IT EYES IPO WITH CAUTION Homegrown fashion firm prioritizes organic growth
The Freeman
|August 08, 2025
Cebu-based Golden ABC, the parent of fashion labels including Penshoppe, Oxygen, Regatta, Memo, ForMe, and newly launched Bocu, remains privately held but is weighing a potential IPO (Initial Public Offering) only if it adds strategic value.
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Vice President for Strategy and Operations Bryan Liu said in an interview that while a public listing remains a theoretical option, it is not a current priority.
"If there's a benefit—to our ability to serve customers—then maybe we will consider it. But for now, it's not on the top of our list," he said.
Golden ABC has long behaved as a public company in all but structure.
The company's CEO Bernie Liu, who stepped into the executive chairman role in January 2025 under a two-year succession plan, has ensured careful governance and professionalization even as the firm remains privately held Golden ABC Inc.; As Penshoppe's new Vice-President, Brandon Liu is shifting his focus from daily operations to strategic growth—covering new territory entry, omnichannel expansion, and evolving brand identity.
This story is from the August 08, 2025 edition of The Freeman.
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