Home / Knowledge / News / Apparel/Garments / Apparel manufacturer Youngor Group walks on a tightrope
Apparel manufacturer Youngor Group walks on a tightrope
23
Feb '09
Real estate and equity investments, other than the garments business were once the cash cows of the Youngor Group, which delivered the highest profits. But as the adage goes, “What goes up, must come down”, with the decline of real estate and the stock markets, the fortunes have turned for the worse for the group.

The Youngor group has estimated to have lost tens of billions of Yuan and now is hanging on to a thin line bordering bankruptcy. These very two sectors which were considered as benchmarks for successful diversification of the group have now become like a noose hanging around the neck of the group.

In fact, experts say equity investments and real estate have turned in to a double jeopardy for the group, which use to derive around 50 percent of its profits from real estate dealings, the values of which have now nose dived to all time lows of the last few years, with the stock markets following the same trail.
.
The Youngor group started operations in the real estate markets in 1992 and as per relevant sources the land reserves touched 2,894,000 square meters in September 2008, with investments touching 13.1 billion Yuan, 8.5 billion Yuan higher than the amount divulged in the information provided by the Company.

In the first three quarters of 2008, Youngor generated a net cash flow of 908 million Yuan from operating activities, compared with 1.70 billion Yuan over the same period in 2007, a sharp drop of 46.82 percent year-on-year. The profits are expected to reduce further in the last quarter of 2008.

Domestic clothing sales of Youngor are in good shape and 2008 sales revenues is expected to reach 3.0 billion and expected to grow by around 20 percent in the next two years.

Fibre2fashion News Desk - China


Must ReadView All

Pakistani textile associations want uniform energy pricing

Textiles | On 21st Feb 2018

Pakistani textile associations want uniform energy pricing

Pakistan’s textile industry association representatives have...

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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