Isabel Marant Signs A Contract With Junsi Group

French designer brand Isabel Marant Recently with Hong Kong Brand agency Distributor ImagineX Group Junsi Group issued a joint statement, saying that the two sides will expand the Greater China market for Isabel Marant from this year through the established strategic partnership.

Belongs to Hong Kong High end boutique retailer The Lane Crawford Joyce Group ImagineX Group Junsihui will establish multiple sales points in this area for Isabel Marant and its subsidiary brand Isabel Marant Toile in the next five years. By ImagineX Group The first Isabel Marant independent boutique represented by Junsi will be opened in Hong Kong's Anlan Street in July, and then will expand to Beijing, Shanghai and Macao.

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It is understood that some small and medium-sized cotton textile enterprises in Shandong, Henan, Hubei, Jiangsu and Zhejiang are concentrated in resuming production from the 10th to the 15th day of the first month. A few large and medium-sized manufacturers with good orders and relatively sufficient funds are generally advanced to the 5th to the 8th day of the first month, but there is still a certain proportion of yarn mills and cloth mills that have no clear start time for resuming production.

Some counties and cities in Hebei and Shandong even have 30-40% cotton textile enterprises that neither recruit workers nor purchase raw materials such as cotton and polyester staple fiber. On the one hand, small and medium-sized textile enterprises are generally short of funds, and the recovery of payment for goods before the Spring Festival is not ideal. They need to wait for bank loans to purchase raw materials and resume production; On the other hand, there are very few co processing orders. Workers' wages generally reach 3000-3500 yuan/month (excluding food and accommodation, and most technicians' wages are more than 4000 yuan/month). Taxes are heavy. In addition to the "high" domestic cotton prices, spinning basically has no profit or even a slight loss. Therefore, most enterprises hold a wait and see attitude. Some cotton mills and cloth mills said that the biggest obstacle at present is not the transaction price, not to mention the product quality, but the downstream demanders do not inquire, purchase, start up, and have no sales support. They have no idea how to go about the market.

At present, most cotton textile enterprises' raw material inventory is concentrated in 7-20 days, and a few large and medium-sized manufacturers' raw material inventory is in 1-2 months. Some textile enterprises delayed the cotton procurement period because they got the cotton import quota within 1% tariff in late February. On the one hand, there were many American cotton, Indian cotton, West African cotton, Brazilian cotton, Central Asian cotton and other cotton arriving in Hong Kong in March and April, so buyers had more choices; On the other hand, textile enterprises are expected to increase sliding tariffs or significantly reduce the import quota of cotton for processing trade in 2015. Based on the principle of "good steel is used for cutting edge", the purchase focus of imported cotton is SM Grade and above American cotton and Australian cotton, but at present American cotton arriving in Hong Kong mainly comes from contract cotton and foreign businesses, and the quotation of American cotton and Australian cotton is much higher than that of West African cotton, Central Asian cotton and lint cotton from other origins, so the cost performance ratio is not high.

From the perspective of time, the production of grey cloth and clothing will enter an active period in March and April, and the order receiving situation of cotton textile mills will gradually improve. Whether small and medium-sized cotton mills and middlemen can obtain and seize the opportunity to start production is the key to the reversal of cotton prices. Xinjiang and inland cotton enterprises are generally optimistic about the cotton market after March.