On the 29th, Pierre Cardin announced that it will sell its garments and clothing business in China to two Chinese companies, total 200 million euros.
87-year-old Pierre Cardan said that in the past two months, the company has negotiated with Chinese companies on the sale of 32 kinds of authorized products. He pointed out that the sale contract will soon be signed.
The spokesman of Pierre Cardin said the two Chinese companies are Guangzhou Jian Sheng Trading Co., Ltd. (Jiansheng Trading Company) and Cardan Corporation (Cardanro). He said that now Pierre Cardin has more than 800 kinds of product licenses in 140 countries.
Pierre Cardin is the first international brand which enters the Chinese market. The relationship started in 1978. At that time Pierre Cardin was the first European designer to come to China.
Originally Posted: China Business Daily
Author: Angulo Fu
Tuesday, June 30, 2009
Pierre cardin sells part of business in China
Monday, June 29, 2009
Shougang group set up logistics base
Shougang Group decided to set up steel logistics base in the Foshan city. The project total investment is about 5 billion, the first phase of the project will start in September.
The project includes a business center, three deep-processing production lines whose annual output reaching 150,000 tons. It is reported that the warehousing will reach two million tons per year. Within 2 or 3 years, the annual output value will reach seven billion yuan.
Originally Posted: China Business Daily
Author: Angulo Fu
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