Home / Knowledge / News / Fashion / WGSN inks JV with CTIC to drive growth in China
WGSN inks JV with CTIC to drive growth in China
23
Jun '15
Sun Ruizhe (left) and Duncan Painter
Sun Ruizhe (left) and Duncan Painter
WGSN, specialising in consumer, fashion and design trends and insights entered into a joint venture (JV) with China Textile Information Center (CTIC) to drive business growth in the Chinese market.

The agreement of the JV named WGSN China was signed by WGSN chairman Duncan Painter and Sun Ruizhe, chairman of CTIC and also vice president of National Textile Apparel Council of China (CNTAC).

WGSN, a US-headquartered company owned by Top Right Group, has operated in China since 2005, and already has more than 500 companies as clients acquired in partnership with CTIC.

WSGN offers its full suite of products, with trend services provided in Chinese and clients include fabric manufacturers, retailers, consumer electronics firms and entertainment companies.

“WGSN and CTIC shared the main stage at Cannes Lions on Sunday making a joint presentation on the future of colour,” a WGSN press release said.

In this presentation, they covered some unique solutions developed under CNTAC to accelerate and innovate, the use of colour in the fashion and creative industries, which will be available next year.

According to WGSN CEO, Jose Papa, the JV will enable the WGSN offering to become more tailored to the local market.

"China is a large and diverse market from its geography and culture, to its varied economic and business landscapes,” Papa said.

“It also has a unique position as both a supplier to global markets and a huge domestic market that is leading innovation in manufacturing technologies, retail formats and logistics,” he added.

"With its distinct language and culture that connects with western fashion, we believe that China requires highly specialised local expertise to maximise the value of WGSN's products and services,” Papa stated.

"It goes without saying that from a business strategy perspective, China is crucial and we plan to drive significant growth and value for the WGSN business through our focus on the market,” WGSN observed.

“As long-term strategic partners, and excellent local insight providers, there is no better partner to help us do this than CTIC," it noted

The JV will look to exploit WGSN's international sales and marketing expertise to jointly bring those innovations and market information to a global audience together with CTIC.

Part of the National Textile Apparel Council (CNTAC), CTIC is the key operational arm, established to develop and promote the Chinese domestic and international textile industry.

CTIC includes the central associations for fashion and colour, fabrics and textile engineering and is carrying central responsibilities for quality testing, statistics, IT, publications and social compliance.

It has also developed and continues to invest in several products, services and solutions, including a unique approach to colour and the biggest fabric library in the world. (AR)

Fibre2fashion News Desk - India


Must ReadView All

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Ghana to set up equipment hub for apparel sector

Apparel/Garments | On 23rd Jan 2018

Ghana to set up equipment hub for apparel sector

As part of efforts to seek ways to improve market access for Ghana’s...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Giorgio Mantovani
Corman S.p.A

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

Kevin Nelson
TissueGen

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

Eamonn Tighe
Nature Works LLC

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

Pranav Mishra
Huemn

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

Ritu Kumar
Label Ritu Kumar

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

January 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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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