Home / Knowledge / News / Apparel/Garments / Spanish Grupo Cortefiel to enter China market
Spanish Grupo Cortefiel to enter China market
06
Mar '12
Grupo Cortefiel is planning to expand in China by a deal with ScarVic. This opening plan marks the start of a strategic collaboration with ScarVic, a subsidiary of two companies: AVIC Trading, subsidiary of AVIC Group, one of the major state-owned companies in China, with more than half a million employees, and the international company, Scarborough Group.

Avic controls the listed department store chain Rainbow, in which Scarborough has an indirect interest. Rainbow has more than 50 centres and is one of the preemient retailers in China. ScarVic will be a strong pillar of support for Grupo Cortefiel in China, since it is a partner that already has experience in the retail sector.

ScarVic was created to promote international brand retailers to expand their businesses into China. ScarVic provides one-stop all-round services and co-investment availability to foreign retailers looking to break into the Chinese market.

The joint venture will allow Grupo Cortefiel to expand more readily and more quickly in a market as major as China and substantially increase the international business influence of a group which is already present in over 60 countries.

Grupo Cortefiel brands will mainly be sold in standalones and shop-in-shops located in shopping centres and department stores throughout China.

The growth of the middle class in China will soon transform the Asian giant into a market leader not only in the luxury sector but also in the fashion sector in general. Grupo Cortefiel's brands are adapting to this new Chinese fashion market and international luxury requirement with accessible prices for the new middle class.

Grupo Cortefiel

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search