Home / Knowledge / News / Textiles / Sweden-based Hemtex considers branching out in China
Sweden-based Hemtex considers branching out in China
Sep '10
Hemtex, a Sweden based home textile retail chain, recently formally inaugurated its purchasing office in Shanghai's Pudong New Area.

The company having 189 outlets across the world, including 143 in Sweden, is now considering its future prospects with regards to the possibilities of branching out in China, mainly in Shanghai.

Erik Gumabon, CEO of Hemtex AB, while referring to Chinese markets as incredible said that, they view ample opportunities there, and are thus surveying the prospects of opening more number of outlets.

Chief Financial Officer Ulf Segerstrom, Chief Buying Officer Niklas Odequist and Peter Tan, Country Manager of Hemtex (Shanghai) Co. also were present at the inaugural function.

Hemtex works on the business idea of offering value-added home textiles and accessories-related items at a reasonable price, thus alluring a large number of consumers.

Except for the recently launched purchasing office, the company does not possess any other outlet in Asia right now, but as the Chinese markets are developing at a greater pace over the last 10 years, the company visualises higher growth prospective here.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

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

Sonam & Paras Modi

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

Pranav Mishra

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 ...

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:
April 2017

April 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