Kampuchea'S Exports Were Blocked In 2014 And Exports To The United States Dropped By More Than 30%.

2014

The total value of foreign trade amounted to US $18 billion 135 million 70 thousand, up 13% from US $15 billion 900 million in 2013, mainly driven by strong import growth.

The total value of imports exceeded US $10 billion, reaching US $10 billion 438 million 730 thousand, up 32% from 9 billion US dollars in 2013.

The total value of exports was US $7 billion 696 million 330 thousand, which was only 11.6% higher than that of US $6 billion 900 million in 2013.

This is exactly the opposite of 2013. In 2013, the export growth rate reached 26%, while the import growth rate was 14%.

The United States is the largest export market in Kampuchea, and the main export commodities are

As for textile industry, the number of foreign orders received by garment factories was greatly reduced due to the strike of workers in early 2014, which was reflected in 2014.

Export data.

According to the Ministry of Commerce, the total value of goods exported to the United States in 2014 was only 1 billion 725 million US dollars, down 32% from 2 billion 570 million US dollars in 2013.

In his December 31st New Year's announcement, Premier Hong Sen expressed optimism about the economic outlook for next year.

It is estimated that the economic growth rate in 2014 and 2015 will not be less than 7%, while the per capita income in 2015 will increase to $1130.

Since 2010, the economic growth rate has been no less than 7%, making Kampuchea the focus of foreign investment.

Although the main economic pillar of Kampuchea, the garment industry, has been hit hard by the strike, Prime Minister Hong Sen has revealed that the growth rate of the industrial sector is still 9.6% this year, while the service sector (including tourism) and agriculture are 7.5% and 2.6% respectively.

With the resumption of stability in the political situation and good social order, the confidence of foreign investors in Kampuchea has been increased. The government will continue to implement the reform plan to enhance efficiency and improve the quality of education and train more graduates who meet the needs of the market.

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It is reported that the paction value of up to 574 million U.S. dollars.

Under the terms of the agreement, Coach will pay Sycamore Partners the first amount of about $530 million in cash.

In addition, if Stuart Weitzman successfully achieves the designated sales target within three years after the completion of the acquisition, Coach will pay the most probable cost of Sycamore Partners to US $44 million.

In 2010, Stuart Weitzman Holdings Limited sold most of the company's shares to the American apparel manufacturer Jones Group Limited.

However, Jones group, which has nearly 40 brands, has not been performing well in recent years.

Sycamore Partners, a private Holdings Company, bought Jones group in December 2013 for $2 billion 200 million (including $1 billion in debt).

Coach stakeholders told reporters, "the paction will strengthen Coach's leading position in high-end handbags and accessories industry. At the same time, for the Coach that announced the brand pformation plan earlier this year and made good progress, the paction will enhance the company's profitability in real time."

"Stuart Weitzman has the track record of steady growth, and the huge potential for further development in domestic and foreign markets", Coach CEO Victor Luis said. It is important that "Stuart Weitzman brand scale, business scope, growth momentum, and continuity of management team help to integrate the brand smoothly into the Coach family, and let Coach continue to focus on its brand pformation plan."

For the post acquisition planning, Victor Luis said, "Coach looks forward to promoting the global development of Stuart Weitzman brand through the use of international infrastructure and expertise in handbags and accessories industry.

In addition, Stuart Weitzman is the leader of footwear industry in fashion design and comfort. Coach will benefit from the expertise of its team in shoe development. "

The products of Stuart Weitzman are currently sold through boutique stores and department stores all over the world, as well as outlets located in the United States and Europe. There are about 45 stores in the US market. There are 61 stores and 10 stores in the international market. As of 12 months in September 30, 2014, the net sales of Stuart Weitzman are about 300 million dollars.

Driven by the expansion of distribution network, e-commerce and same store sales, Stuart Weitzman has grown strongly over the past five years, with a compound annual growth rate of 10%.

After the acquisition, Coach said that Stuart Weitzman will continue to be the creative director and executive chairman of Stuart Weitzman Holdings LLC, in parallel with the chief executive Wayne Kulkin and management team to continue to develop brand business.

For the takeover, Coach said it would make payments through hand cash or other sources of financing from credit and capital markets.

Excluding the paction related expected takeover accounting adjustments and contingent costs, it is expected that the acquisition will increase the company's earnings per share.

It is expected that the acquisition will be completed by or before May 2015 after the usual delivery conditions have been reached.

Coach sales for the first quarter of fiscal 2015 ended September 27, 2014 at $1 billion 40 million, down 10% from 11.5 billion US dollars in the same period last year, but sales in China increased by 10%.