Home / Knowledge / News / Textiles / Younger to generate higher profit with new acquisition
Younger to generate higher profit with new acquisition
29
Jan '08
China's leading clothing enterprise Youngor Group recently announced its successful attainment of men's business of clothing with giant KELLWOOD, in the US. The transnational merger and acquisition involved a total amount of US $120 million, making it one of the largest overseas acquisition so far in country's garment industry.

KELLWOOD is one of the top five listed apparel companies in the US. Its men's business is concentrated in Hong Kong Xinma Group. On January 8, this year, Youngor completed delivery procedures of assets list of Xinma Group with KELLWOOD.

Till now, Youngor has acquired 14 production bases of Xinma Group, which are distributed in Sri Lanka, Philippines and Guangdong. With this, the company has become the world's largest production base of men's wear by owing an annual production capacity of $80 million.

According to market experts, the acquisition will help Youngor increase sales revenue by $360 million every year, generating a net profit of $12 million.

Industrial people believe that although Youngor will face risks of integration after the merger, it will greatly enhance its competitiveness in international and domestic market.

Fibre2fashion News Desk-China

Must ReadView All

Courtesy: Shopper Stop

Apparel/Garments | On 30th Mar 2017

Contactless payments at Shoppers Stop

India's leading fashion retailer Shoppers Stop has entered into a...

Textiles | On 30th Mar 2017

Cotton target price kept unchanged in Xinjiang

China’s National Development and Reform Commission (NDRC) has kept...

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Urs Stalder
Sanitized AG

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

Marcel Alberts
Eurofibers

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

Giorgio Mantovani
Corman S.p.A

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

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...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search