Printer Friendly

China Ting Group Announces Long Term Exclusive Supply Agreement with Bernard Chaus Inc, USA.

Hong Kong, July 30, 2009 - (JCN Newswire) - China Ting Group Holdings Limited ("China Ting" or the "Company", HKSE code: 3398) and Bernard Chaus, Inc. (OTC Bulletin Board: CHBD.OB) today announced that they have entered into a long term exclusive supply agreement whereby China Ting will act as the exclusive supplier of merchandise purchased by Bernard Chaus Inc. in Asia. Based in New York, Bernard Chaus, Inc. designs, sources and markets an extensive range of women's career and casual sportswear which are sold throughout the United States through department store chains, specialty retailers and other outlets.

Mr. Ting Hung Yi, Chief Executive Officer of China Ting Group Holdings Limited, said, "Chaus has long been a valued customer and commercial partner. We are delighted that our two companies have agreed to forge a closer bond. We believe that the combination of our strengths will provide greater value to the retail market place and, ultimately, the consumer and shareholders. Our collective resources can be the platform for substantial business expansion.

Mr. Ting added, "It is a new model of strategic partnership which will attract prestigious branded companies to the China Ting Group and an opportunity to enhance our market share. We are confident that China Ting Group will contribute to more flexible and efficient service and guaranteed quality, further strengthening the positioning of the brand and attraction to the customers."

Josephine Chaus, Chairwoman and Chief Executive Officer of Bernard Chaus, Inc, US, said, "We are very pleased to expand the long and cooperative relationship we have had with China Ting. Over the years they have been one of our more important merchandise suppliers in many product categories utilizing their substantial and impressive production capabilities. We are confident that our newly expanded relationship will enable us to improve the innovation, quality and value of our products, increase our speed to market, reduce our costs and strengthen our balance sheet."

Josephine Chaus added, "We are excited about working with the China Ting team and infusing our brands with the benefit of China Ting's broad based product development resources, strong manufacturing capabilities and supply chain efficiency. This expanded relationship will enable us to turn our design and merchandising visions into commercial reality that will help us grow our business and benefit our customers, our consumers and our shareholders."

About Bernard Chaus Inc.

Based in New York, Bernard Chaus, Inc. designs, sources and markets an extensive range of women's career and casual sportswear, principally under the Josephine Chaus, Chaus, Cynthia Steffe and Cynthia Cynthia Steffe trademarks, as well as under certain private labels. The Company's products are sold throughout the United States through department store chains, specialty retailers and other outlets. The Company also has a license agreement with Kenneth Cole Productions, Inc. for the manufacture and sale of women's sportswear under various labels.

About China Ting Group Holdings Limited

China Ting Group is a vertically integrated fashion manufacturer, exporter and retailer in China with a consolidated turnover of approximately US$300 million, from weaving to printing & dyeing to garment manufacturing. Headquartered in Hong Kong, China Ting Group has sales offices in Hangzhou, Shanghai, and New York. Not being satisfied to be a leader only in the silk manufacturing and export field, China Ting Group has diversified into cottons, linens, wools and various other blended fabrics. Close collaboration with a major Italian top wool manufacturer to develop a joint wool business will see the group taking a foothold in the wool business as well.

China Ting Group is also well known in the China retail market. The Group owns and operates 4 private labels and 1 franchised label through a network of retail shops in 31 provinces/cities all over China. For more information please go to www.chinating.com.hk

Source: China Ting Group Holdings Limited

Contact:
China Ting Group Holdings Limited
Sharon Wood
Tel: +852 2191 8966
sharonwood@chinatingholdings.com

Porda International (Finance) PR Group
Sharis Siu
Tel: + 852 3150 6770 / (852) 9316 8576
sharis.siu@pordafinance.com.hk
Alman Loong
Tel: + 852 3150 6731 / (852) 9107 8225
alman.loong@pordafinance.com.hk
Harriet Lau
Tel: + 852 3150 6761 / (852) 9199 2965
harriet.lau@pordafinance.com.hk
Fax: + 852 3150 6728


Copyright 2009 JCN Newswire. All rights reserved. www.japancorp.net
COPYRIGHT 2009 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:JCN Newswires
Geographic Code:9CHIN
Date:Jul 30, 2009
Words:707
Previous Article:NEC Reinforces Human Interface Research and Development.
Next Article:Fujitsu Reports Fiscal 2009 First-Quarter Financial Results; Quarterly loss Posted, Sales and Profit Projections Raised.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters