Home / Knowledge / News / Apparel/Garments / Chinese sportswear brand to enter Brazilian market
Chinese sportswear brand to enter Brazilian market
31
May '14
Chinese sportswear brand 361 Degrees (361°) would be investing 33 million real to enter the Brazilian market, Xinhua International reported quoting Sao Paulo newspaper.
 
As per the report, 361 Degrees plans to set up 10 representative offices in Brazil. A new storage centre in Rio Grande do Sul in southern Brazil is likely to being operation in July 2014.
 
Initially, 361° will offer 150 types of various sports apparel products in Brazil.
 
Brazilians love sports, and Rio de Janeiro is going to host the Olympics, which makes Brazil a strategic choice for 361°, the report quotes 361° Brazil general manager Sergio Baka Luo as saying. 
 
He revealed that in future 361° would set up factories in Brazil, from where the company can serve the Latin American market.
 
Founded in 2003, the 361 Degrees Group is one of China’s leading sports enterprises. So far, the Group has set up more than 7,800 sales branches located in mainland China, with annual sales of over 5 billion yuan, according to the company’s website.
 
In addition to continuing to strengthen its market share in mainland China, the Group is speeding up its expansion to the global market to provide more high-quality products for more countries. It has already expanded to Middle East, Europe and other countries and regions.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 4th May 2016

Ahead of FTA talks with China, Lanka worried about TPP

Even as Sri Lanka prepares for the third round of talks for a Free...

Textiles | On 4th May 2016

IMF predicts Asian growth to remain strong

The International Monetary Fund (IMF) expects growth in Asia and the...

Courtesy: GMAC Cambodia

Apparel/Garments | On 4th May 2016

Cambodia’s garment exports rise 13% in Q1

Garment and footwear exports from the Southeast Asian nation of...

Interviews View All

Walter Roggenstein
Kelheim Fibres GmbH

What technological innovations are taking place in the specialty fibres...

Mayyur Girotra
Mayyur Girotra

How is the market of luxury garments in India compared to that of Dubai...

Pinkesh Jain
Everflow Petrofils Ltd

What are the latest technological innovations in the spinning industry?...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Michael Kamm
Sympatex Technologies GmbH

Sympatex Technologies has been one of the leading global suppliers of high ...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

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

Pranav Mishra
Huemn

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

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
April 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search