×
166
Fashion Jobs
HR CAPITAL CONSULTING
General Manager Operations- Garment Export
Permanent · National Capital Region
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
By
Reuters
Published
Jun 1, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Xinyu secures $44 mln facility to expand network

By
Reuters
Published
Jun 1, 2009

HONG KONG, June 1 (Reuters) - Xinyu Hengdeli (3389.HK), a China-focused luxury watch retailer, said it had secured a two-year 300 million yuan ($43.94 million) loan facility from China Construction Bank's (601939.SS) Shenzhen Branch to fund the expansion of its retail network in mainland Chinese cities.


Elegant Watches, a Xinyu Hengdeli brand

"We will speed up our network expansion in accordance with market needs, especially following the encouraging performance by the (mainland) retail sector so far this year," Executive Chairman Zhang Yuping told Reuters on Monday 1 June.

"Banks now have a more optimistic view of the outlook for the retail sector, and are more willing to lend," Zhang said, adding that the company's sales performance in April and May had been stronger that expected. He gave no further details.

Xinyu, in which Swatch Group (UHR.VX) holds an 8.1 percent stake and LVMH Moet Hennessy Louis Vuitton (LVMH.PA) holds 7.5 percent, last week said it had pushed back an expansion plan amid the global economic crisis. It had aimed to expand its network to 300 stores by 2011, instead of 2010, from the current 210 outlets.

Shares of Xinyu gained 0.34 percent to HK$2.99 in late trade on Monday 1 June, against a 3.90 percent rise in broader market .HSI. (US$1=HK$7.8=6.827 yuan) (Reporting by Donny Kwok; editing by Chris Lewis)

© Thomson Reuters 2022 All rights reserved.