Home / Knowledge / News / Apparel/Garments / Shanghai FTZ to house high-end apparel distribution centre
Shanghai FTZ to house high-end apparel distribution centre
16
Jan '14
The free trade zone (FTZ) in Shanghai will house a distribution centre for luxury apparel, said to be the first in Asia, reports Want China Times, citing Chinese-language Guangzhou Daily.
 
The luxury apparel distribution centre would be jointly built by Italian company Firmati & Griffati and the Zhongfa Commercial Management Group, taking advantage of favourable tax policies for new ventures in Shanghai FTZ.
 
The opening of the new distribution centre would help wholesalers and retail channels in the Asia-Pacific region, as they would no longer need to stock their goods in the country of origin, especially Europe.
 
The retail channels would be able to complete their purchase processes in Shanghai, and will enable local consumers to get luxury items at relatively lower prices.
 
Ding Haozhou, president of Zhongfa Group said the distribution centre could ensure stable supply to Chinese luxury outlets.
 
At present, the luxury products sold in China are normally two to three times costlier than the prices at which they are sold in other countries, and hence, many Chinese nationals buy items abroad.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search