Itochu and Bosideng establish partnership

On June 19, Shuichi Oseki, President of Japan’s Itochu Corporation Textile Company, and his senior management team made a special trip to Bosideng Group to discuss deepening strategic cooperation, and were warmly received by Gao Dekang, Chairman of the Board of Directors of Bosideng Group. Wang Yang, Secretary of the Changshu Municipal Party Committee, met with Xiaoguan Xiuyi and hoped that both parties would strengthen cooperation and promote development together.
Secretary Wang Yang said that Bosideng is a leading Chinese textile and apparel brand and a leading local enterprise with international reputation. Itochu, as a world-famous comprehensive trading company, has huge trade scale and market interests in China. The cooperation between Itochu and Bosideng will be win-win. It can promote Bosideng to learn from Itochu’s international management experience, improve corporate management level and efficiency, accelerate the internationalization process, multi-brand strategy and diversified development, and promote the improvement of Changshu’s textile and apparel industry. At the same time, Itochu’s development in China also requires in-depth cooperation with companies such as Bosideng, so as to find localization and marketization channels in the process of Chineseizing international brands. The Changshu Municipal Party Committee and Municipal Government attach great importance to this cooperation and are willing to provide good services for the further deepening of cooperation between the two parties and create a good business environment. They hope that this cooperation will contribute to the economic and social development of Itochu, Bosideng and Changshu.
Chairman of the Board of Directors Gao Dekang, together with the company’s vice president and senior executives, held a strategic seminar with Xiuichi Xiaoguan and his party, exchanged in-depth opinions on further promoting strategic cooperation, and reached several development consensuses. Gao Dekang said that Itochu has a history of 158 years and more than 150 brands. It has rich experience in internationalization and diversified development, and has sound management ideas and corporate culture inheritance. These are worthy of Bosideng’s careful study. The strategic partnership with Itochu will help realize the complementary advantages and mutual benefits of the international and domestic markets, enhance transnational business operation capabilities, and promote Bosideng to better enter the international market.
Xiaoguan Xiuyi said that Bosideng is the leader in the field of down jackets in China. The two parties have reached a consensus on cooperation and formally established a partnership. They will integrate the resource advantages of both parties and rely on international strategies to expand the Chinese market. He is very optimistic about the development prospects of China’s economy and hopes that the company will be fully integrated into China’s economic development. The cooperation between the two parties will surely achieve greater results.