Apparel. Etam takes a step back in China

Publication

2 June 2018 à 22h39

Updated on 10 May 2019 à 17h03

Reading time

2 minutes

Publication: 2 June 2018 à 22h39, Updated on 10 May 2019 à 17h03

Reading time: 2 minutes

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Publication

2 June 2018 à 22h39

Updated on 10 May 2019 à 17h03

Reading time

2 minutes

Publication: 2 June 2018 à 22h39, Updated on 10 May 2019 à 17h03

Reading time: 2 minutes

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In May 2018, the fashion retailer Etam Development announced the end of the clothing business in China. This was its 2nd largest market by sales, which generated 30% of its total business in 2016. Etam Development (last reported turnover of €1.29 billion in 2016) sold the three brands “Etam Week-End”, “ES” and “E&Joy” to a Hong Kong investor, Mr Jinguo Zhou. These labels represent a network of 1,600 outlets in 300 cities in China, including a majority of “corners” in department stores. Mr. Zhou

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