Home / Knowledge / News / Apparel/Garments / Septwolves bags franchisees of global fashion brands
Septwolves bags franchisees of global fashion brands
Apr '11
In a bid to strengthen its presence in its new business, Fujian Septwolves Industry Co, a leading menswear manufacturing firm from China, has acquired franchise partnership rights of luxury labels Versace and Canali in Zhejiang Province.

Zhou Shaoxiong, Chairman of Septwolves while speaking after closing the deal in Beijing said that, the investment of 70 million Yuan or US$ 10.7 million for acquisition of Hangzhou-based Kenna Fashion is looked upon to help the company to develop a franchise base for global luxury brands in China, and to earn a better recognition for its personalized brand in the global market.

The Septwolves official believes that franchise business in China has great potential as it is not possible for all the global brands to have their direct-sales outlets in all the countries, and thus they need domestic partners who are conversant with the local markets.

Commerce Minister, Chen Deming, last month while citing the country's vast population and growing income, said that, China may outshine Japan to establish itself as world's largest market for luxury goods by 2015.

He further stated that, the textile and garment industry of China, which contributes one-third of the world's export market, would not find any issues with production, and as such what they now need is to focus on, earning recognition in the global fashion business.

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts

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

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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