Home / Knowledge / News / Apparel/Garments / KBS Fashion Group extends two sales contracts

KBS Fashion Group extends two sales contracts

26
Jan '19
Courtesy: KBS fashion
Courtesy: KBS fashion
KBS Fashion Group, a leading fully-integrated casual menswear company headquartered in Shishi, China, has extended a framework sales contract with each of two major current customers - Hangzhou Zi Yin Apparel Clothes (Hangzhou Ziyin) and Hangzhou Yiyuan Apparel (Hangzhou Yiyuan).The term of each contract was extended for another 12 months until Dec 31 2019.

The company expects renewal of these two sales contracts to generate approximately RMB 28 million in total, of which RMB 20 million relates to Hangzhou Ziyin's new orders of 450,000 kids' down jackets and other types of clothing and RMB 8 million from Hangzhou Yiyuan's new orders of 160,000 men's down jackets and other types of clothing for this year.

Keyan Yan, chief executive officer of the company commented, "The renewals attest the successful partnership between us and these two customers. The company has decided to shift its focus to profitability from the market share expansion of our own brand products. Therefore, starting 2019, all distributors are required to place orders based on market demands and the company will no longer repurchase from the distributors any excessive stock of new orders from 2019. We are committed to staying ahead of quality services and look forward to working with these customers for years to come." (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 14th Dec 2019

No retroactive anti-dumping duty on US PTY import from PRC

As the US International Trade Commission has not found critical...

Pic: Shutterstock

Retail | On 14th Dec 2019

7000 Hong Kong retail establishments may close down: HKRMA

Some 7,000 licensed retail establishments out of 64,000 in Hong Kong...

Pic: Attune

Information Technology | On 14th Dec 2019

Attune delivers SAP S/4HANA for fashion brands

Attune has successfully completed multiple SAP S/4HANA for fashion...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Top executives, Textile industry, India

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

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

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


December 2019

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


Advanced Search