Mr Mai Run Quan, Chief Financial Officer of Bosideng (3998), recently said that the Company plans to acquire men's wear business by next year.
Total capital to be invested in this venture is expected to be 650 million yuan; nearly 2 billion yuan has been set aside for future merger and acquisition; the Company aims to become a well known brand in near future.
Mr Mai said that few other mergers and acquisition projects are under consideration that includes women's casual wear, children's clothing and jeans among others.
The Company expects to increase its sales share of non-down clothing through acquisitions of domestic brands or cooperation with foreign brands over the next three to five years.
Mr Mai further pointed out that at present the company's down jacket brand forms 40 percent of China's market share.
Fibre2fashion News Desk - China
marketing@alchempro.com
