Home / Knowledge / News / Apparel/Garments / NextMart to adopt a new biz in financial advisory & direct investment

NextMart to adopt a new biz in financial advisory & direct investment

23
May '08
NextMart Inc currently a China-based direct sales and apparel OEM company, announced that it plans to change its main business to the area of financial advisory and direct investment in Mainland China.

The Company's plans to change its main business is a result of ongoing challenges with its core OEM apparel operations, including (a) A drop in export apparel sales due to international market conditions; (b) A continually appreciating Chinese yuan, which makes Chinese exports more expensive to foreign buyers; and (c) An inability to raise additional financing under the current share price level in order to expand the Company's domestic direct sales operations.

By adopting a new business in financial advisory and direct investment, NextMart's management believes that the Company can reduce its need for working capital, incentive key management and position itself to profit from the next wave of domestic and global financial transactions involving Chinese companies.

NextMart Inc


Must ReadView All

US President-elect Joe Biden. Pic: Stratos Brilakis / Shutterstock.com

Textiles | On 27th Nov 2020

Not much change in trade policies anticipated under Biden

US President-elect Joe Biden seems more assuring to the European...

Pic: Shutterstock

Apparel/Garments | On 27th Nov 2020

Bangla RMG units to get loans for COVID safety measures

Bangladeshi garment units will get low-cost funds up to Tk 30 crore...

Pic: Shutterstock

Retail | On 27th Nov 2020

Macy’s Q3 FY20 digital sales grow 27%

Macy’s, a US-based premier omni-channel fashion retailer, reported...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Emanuel Fertuzinhos,

Emanuel Fertuzinhos

Founded in 1981, Lisama, a Portuguese company, is a pioneer in the textile ...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Tiasha Renganathan, Twinery Innovations by MAS

Tiasha Renganathan
Twinery Innovations by MAS

Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


November 2020

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


Advanced Search