Itoh Will Buy And Buy Chinese Large Garment Enterprises
"
Japan economic news
"To expand sales in China,"
Top grade clothes
Ito will invest $200 million to buy 30% of Shandong Ruyi Technology Group (hereinafter referred to as Shandong Ruyi) and become the second largest shareholder of the company.
Because Shandong is happy.
Japanese garment enterprises
RENOWN's largest shareholder (holding 41%) will probably join hands with RENOWN to open up the Chinese market in the future.
Shandong
Ruyi
It is a large private clothing enterprise in China. Its sales volume was 14 billion 370 million yuan in 2010 and ranked fifth in China.
Through this acquisition, Itou Tada will further expand its high-end clothing market in China. Shandong Ruyi will also introduce Japan's mainstream mode of production and quality management through Itou Tada, improve its production and management level, and expand its business scale.
The two sides plan to double the sales of Shandong's favorite in 3 years and increase to 400 billion yen.
In 2010, the size of China's clothing market was 12 trillion yen, far surpassing Japan (7 trillion yen).
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