×
2 366
Fashion Jobs
NORDSTROM
Assistant Manager - Asset Protection - Eaton Center
CDI · Toronto
NORDSTROM
Asset Protection - Agent - Heartland Town Center Rack
CDI · Mississauga
LULULEMON
Assistant Manager, Operations | Upper Canada Mall
CDI · Newmarket
AESOP
Part-Time Retail Consultant | Aesop Kitsilano
CDI · Vancouver
LULULEMON
Assistant Manager, Operations | Bower Place
CDI · Red Deer
SHISEIDO
Director, Human Resources
CDI · Markham
MICHAEL KORS
ft Sales Supervisor
CDI · Mississauga
ADIDAS
Senior Finance Manager, Commercial
CDI · Vaughan
ADIDAS
Director of Finance - Adidas
CDI · Vaughan
MICHAEL KORS
Full Time Sales Supervisor - Scarborough Town Centre
CDI · Toronto
LULULEMON
Assistant Manager, Operations | Scarborough Town Centre
CDI · Toronto
LULULEMON
Assistant Manager, Operations | Lululemon Abbotsford
CDI · Abbotsford
NORDSTROM
Asset Protection - Security Ambassador - Pacific Centre
CDI · Vancouver
NORDSTROM
Asset Protection - Agent - Pacific Centre
CDI · Vancouver
AESOP
Retail Consultant | Eaton Centre
CDI · Toronto
TJX CANADA
Loss Prevention Customer Service Agent - Thunder Bay
CDI · Thunder Bay
WINNERS
Jewelry Consultant, Full Time, Winners & Homesense, Coquitlam
CDI · Coquitlam
MICHAEL KORS
Superviseur Des Ventes Dix30/Sales Supervisor ft- Dix30
CDI · Brossard
ON RUNNING
Sales Representative
CDI · VANCOUVER
TAPESTRY
Sales (Bilingual) Supervisor i
CDI · Halton Hills
MICHAEL KORS
Gestionnaire Des Ressources Humaines – Canada/Human Resources Manager – Canada
CDI · Montreal
ESTEE LAUDER
Associate Consultant - Clinique - Toronto, on
CDI · Toronto
Published
Feb 22, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fosun sets up Fashion Brand Management Company to help labels into China

Published
Feb 22, 2019

Fosun is firing on all cylinders as the company builds up its global fashion business. Its latest announcement on Thursday was that it has set up Fosun Fashion Brand Management Company (FFBM), "a pureplay operation [that] serves brands with ambitions to expand in the Greater China market.”


Fosun already controls Lanvin, Wolford and Tom tailor and now is aiming to be the lynchpin for other brands seeking to expand in China


FFBM provides brands with full management services including retail and wholesale operations, merchandising, marketing and communication management, human capital and complete back office support, we’re told. 

The company also said it has put together an experienced team, with on average “over 15 years of operational experience in China” that “has successfully grown a number of fashion brands [there] over the past two decades.”

Fosun Fashion Group chair Joann Cheng is describing the development as “a major milestone for us”  and said that FFBM “provides [us] with a wider scope of competencies, and allows us to maximise control over brands' performance in our own backyard enabling us to create incremental value for brands outside of their home markets.”

And with a massive number of international brands looking to exploit the huge potential in the Chinese market, there’s clearly a large likely user base for the platform out there.

FFBM CEO James Chen added: “In recent years, China has become one of the core markets for many brands, and it will continue to thrive to become one of world's top consumer markets.”

Chen himself has a strong track record. He was the founder of UCCAL Fashion Group (which was acquired by Li & Fung in 2014) and acted as its CEO. While there, Chen “managed and developed over 700 monobrand stores across China” for labels such as Roberto Cavalli, A. Testoni, Isaia, St. John, M Missoni and Porsche Design.

Fosun International, which is listed on the Hong Kong Stock Exchange, has diversified assets of around CNY560 billion (US$85 billion). Its Fosun Fashion Group unit was created to manage the firm’s portfolio of fashion assets including St John Knits, Caruso, and Tom Tailor, as well as investing in additional global brands to leverage the momentum in the Chinese consumer market. Recent acquisitions have included big names Lanvin and Wolford and the firm is also aiming to take full ownership of Tom Tailor.

Copyright © 2022 FashionNetwork.com All rights reserved.