KKR-backed Musinsa expands physical stores in China and Japan ahead of IPO

South Korean fashion retailer Musinsa, backed by KKR & Co., is aggressively opening physical stores in China and Japan, aiming to challenge Uniqlo ahead of its closely watched IPO. The expansion is designed to build brand momentum across key Asian markets before the company goes public. Musinsa is one of South Korea's leading online fashion platforms.