NEWS24 June 2015

WGSN in Chinese joint venture

Asia Pacific M&A News

FRANCE — Global fashion industry trends and insight business WGSN has announced a joint venture with China Textile Information Center (CTIC) to grow its business in the Chinese market.

The joint venture will be known as WGSN China and the deal was announced by the WGSN chairman Duncan Painter and chairman of CTIC Sun Ruizhe at Cannes Lions.

WGSN, a US-headquartered company owned by Top Right Group, has operated in China since 2005. It already has more than 500 companies as clients, acquired in partnership with CTIC, and offers the full suite of WGSN products, with trend services provided in Chinese. Clients include fabric manufacturers, retailers, consumer electronics firms and entertainment companies.