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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
June 2017

June 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