Time April 2, 2011

Source: China National Garment Association Network March 29, at CHIC2011 show, Fujian Industrial Co., Ltd. announced that seven wolves: Kenner Garments Co., Ltd. formal acquisition of Hangzhou will build international luxury brands to enter the Chinese market agent platform. Completion of the acquisition, but also marks the At present, Hangzhou has the world's top clothing brands Kennametal Connery (Canali),Gucci Online USA, Versace (Versace collection) and the world-famous brand Georg Jensen Jewelry Georg Jensen and other brands in China, the agent. According to the Fujian Industrial Co., Ltd.,Prada Handbags Online, seven wolves Chow said the seven wolves have been to 70 million yuan to buy an international brand agency Garments Co.,Gucci Handbags, Ltd. Hangzhou Kenner 100% equity share transfer related to industrial and commercial registration formalities have been completed it.

It is understood that Kenner Garments Co., Ltd. was established in Hangzhou in March 2008, mainly in the Italian brand Canali, and Versace collection (Versace) in the agency business in mainland China, after the acquisition and integration of the last two years Its agency business has developed rapidly in China has become Canali one of the two agents. Currently, the country has opened in Hangzhou Kenner 15 Canali brand outlets, four Versace outlets, mainly engaged in the Northeast and East China regional focus.

build agent platform

for the acquisition,Louis Vuitton Outlet Online, Chow, chairman of seven wolves used the word through integration and innovation in the Chinese market, the development of win-win situation for greater expectations.

opportunities. resources and management experience, able to more international clothing brand to enter the Chinese markets.

China's huge consumption potential in the luxury market, the acquisition of seven wolves is an important factor in Hangzhou Kenner. China's share of global luxury goods market share less than 1% from 1998 to 2010 10% of the tenfold in 12 years,Manolo Blahnik Shoes, and in the next 5 years, will continue rapid growth. According to McKinsey report, by 2010, sales of luxury goods in China reached 12 billion U.S. dollars in 2015, the Chinese luxury goods sales will reach 27 billion U.S. dollars, then, China will surpass Japan to become the world's largest luxury goods market .

It is understood that in recent years,Chanel Handbags, Hangzhou Kenner international luxury brands in the agency business, outstanding performance in China has gradually become an international brand in China and an important platform for business development. As of December 31, 2010,Louis Vuitton Handbags, just two or three years, operating income of Kennametal clothing 66,373,916 yuan, net profit of 7,844,051 yuan.

goods market, is good news, the Chinese luxury market, or will usher in a new spring.

It is understood that after the acquisition of Hangzhou Kenner, seven wolves will retain the existing excellent international brand agency with extensive operational experience of the management team. Appears in Zhang Jianmin, with the full support of seven wolves,Christian Louboutin Outlet, Hangzhou Kenner will be more rapid development is expected in the short term international brand in China to seize the commanding heights of the market agents.

accelerate the process of internationalization of seven wolves

satisfied not only involved in seven wolves can help the Chinese luxury market, but also through participation in international famous brand operations, absorbing international brands in product design, organizational order, terminal management, advanced experience and improve the overall management of water, seven wolves