Feng Group And Ruyi Group Have Reached Strategic Cooperation To Expand The Textile And Garment Business In Emerging Markets.
In March 28th, Ruyi group And global leading supply chain management multinational group Feng Group Jointly announced the strategic cooperation to jointly grasp the growth opportunities of the global textile and garment industry, especially from the emerging African market.
This strategic alliance, combined with the upstream competitiveness advantage of Ruyi group, has accumulated nearly 50 years of experience in textile raw materials, spinning, weaving and garment production, and its world-renowned brand portfolio, as well as the downstream network, brand marketing expertise of Feng's group and the leading procurement and production platform in 50 markets across the globe. The two sides create opportunities for cooperation in various fields, in order to provide customers with new products, especially breakthroughs in denim, village sweater and men's clothing and clothing.
Combined with the strong R & D capability of Ruyi group in developing new fabrics and garments, and the strength of Feng's group in providing end-to-end supply chain solutions and digital platforms, the strategic alliance will provide new and existing customers with competitive products, both in terms of price and production cycle. In addition, the two companies will jointly develop new African markets with huge potential for growth, and strive to build the largest end-to-end textile and garment ecosystem in the world.
Qiu Yafu, chairman of Ruyi group's board of directors At the signing ceremony, he said: " Africa is an important market for the group. We believe that through cooperation with our partners, such as Feng's group with a huge supplier network, brand and retailer network, we can accelerate the pace of development in this market and further move towards the goal of building the largest and most comprehensive vertically integrated textile and fashion enterprises in the world. "
Feng Guojing, chairman of Feng Group " Feng's global supply chain production and service platform is the leading peer. We have been looking forward to concluding strategic alliances to enhance the competitiveness of the group in the upstream supply chain. Africa is a new sourcing market. The strategic cooperation between Feng Group and Ruyi group is not only mutually beneficial, but also enables us to expand this potential market for our customers. "
About Ruyi group
Ruyi group is the first enterprise in the comprehensive competitiveness of China's textile and clothing industry, and is also a world-famous light luxury brand holding group. Founded in 1972, Ruyi group persistently adheres to the development of the ecological chain of textile and garment industry and adheres to the strategy of "high-end, technology, branding and internationalization". At present, the group is in the leading position in the field of Fabric Science and technology and intelligent manufacturing. It is the fashion group with the most perfect textile and apparel industry chain in the global luxury goods industry. In recent years, Ruyi group has incorporated more than 30 fashion brands including France, Britain and Japan through mergers and acquisitions to integrate international famous brand resources, including Sandro, Maje, Claudie Pierlot, Aquascutum, Cerruti1881, Gieves & Hawkes, Kent & Curwen, Durban And other brands.
The group's listed companies include the French Euronext listed companies. SMCP Hong Kong listed companies Li Bang Holdings Japan's main board listed companies Renown Incorporated And listed A share companies in Shenzhen, China. Shandong Ruyi woolen garment group 。 At present, the group has more than 6000 shops in 81 countries and regions, and has more than 50000 employees worldwide. It has become one of the most influential Chinese enterprises in the global fashion industry.
About Feng's group
Fung Holdings (1937) Limited Headquartered in Hongkong, it is a privately owned multinational group. Feng's holding is the main shareholder of Feng's group. Its core business covers the entire global supply chain management of the consumer goods market, including trade, logistics, distribution and retail. The Group employs 42000 employees in over 40 economies worldwide. The development of Feng's group has a long history. The group was founded in 1906 and developed into a global supply chain management business from the export trade business. The group has witnessed the glorious history of Hongkong and the Pearl River Delta region becoming one of the most important places of production and trade in the world today. Today, the group focuses on creating the future supply chain, helping brands and retailers gallop in the digital economy and creating new opportunities for brands around the world, developing new product categories and expanding new markets.
Listed companies under the group include Lee Fung Ltd. , Lee mark brand Limited Ho Lee Asia Retail Company Limited 。 The group's private retail business includes Lee Hong Investment Limited , Lee time Holdings Limited , Lee Tong fashion (Holdings) Limited , Toys "anti" city (Asia) Business and SuhyangNetwork S.
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