City Beauty Join Hands With Jen Sheng Group To Find New Business Growth Points.

Urban beauty (02298) issued a notice attached to Guangdong

In September 7, 2018, a framework cooperation agreement was established with the jn group. Accordingly, the contractors intend to use their respective advantages to produce and distribute cotton socks and other products.

Notice said,

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There are competitive advantages and resources in product R & D, production technology, production management and supply chain.

Kin Sheng group invites Guangdong city beauty to invest in 20% of its new production plant, while Guangdong city beauty has agreed to invest.

Guangdong urban beauty will use its competitive advantage and strategic resources in retail management, electricity supplier operation, brand promotion and product sales to distribute cotton socks and other products.

Guangdong city beauty will set up a sales company to purchase and sell cotton socks products produced by the production plant, and invites Jian Sheng group to invest in 20% of the sales company, and the group has agreed to make investments.

It is understood that this city beauty join hands with Jen Sheng group, also look at the sales prospects of cotton socks products in China.

Data show that at present China

The output is about 20 billion pairs.

The annual sales scale of conventional socks (medium and short socks) is about 70 billion yuan, based on the consumption frequency of 6-8 pairs per person per year and a single price of 8-10 yuan.

According to the insiders, city beauty joined hands with Jen Sheng group to carry out the cotton socks business, not only to see the prospect of the cotton socks Market, but also to meet the new growth of the two sides.

In fact, at present, the beauty of the city also has its own stocking business. The Beijing Commercial Daily reporter contacted the relevant person in charge of the city beauty, and the other side indicated that he could not disclose any details.