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Cortefiel

Cortefiel allies with the ScarVic group to land in China

Published on March 7, 2012

 
Read Cortefiel allies with the ScarVic group to land in China

The Spanish textile company Cortefiel has informed in a recent communique that they have allied with ScarVic in order to foster an expansion plan in China, where they will open 800 sales points in the next years.

Cortefiel wants to begin their expansion in the Chinese markets next fall using their leading brands Springfield and Pedro del Hierro. In order to do that, they will have not only their own stores but also sales corners in shopping malls.

ScarVic, Cortefiel’s partner in the alliance, is an entity shared by the English company Scarborough and Avic Trading, a subsidiary of Avic, one of the largest Chinese public companies. Together, Avic and Scarborough, control the Rainbow shopping malls chain, which has ...

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