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China : Youngor Group, Japan Itochu & Italy Marzotto join |
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2006-9-29
In order to fight trade restrictions and exploit giant international textile and apparel market China Youngor Group, Japan Itochu Group and Italy Marzotto Group jointly signed the agreement to establish biggest clothing union in the world.
Companies have decided complete cooperation in technology, funds, labour training, sales distribution and other aspects.
It has been the basic policy of Youngor Group for many years to establish international first-class clothing brands.
At present, Youngor Group has owned the first advantage pattern center of western-style clothing in the world.
Japan Itochu Group is the biggest franchiser in world fibre field as one of world-class business magnates.
Italy Marzotto Group with a history of over 200 years is the biggest supplier of textile fabric in EU.
After this union, three companies together have a total of over 60,000 employees.
With business spreading across 150 countries, the annual sale will reach US $24 billion. |
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| Fibre2fashion, News Desk - China | |
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