Domenico De Sole Enters Sotheby'S Auction House

Sotheby's has been heavily criticized in recent months by a major shareholder (Daniel Loeb's us Third Point fund management company).

The company finally decided to separate the chairman and the general manager from two posts.

The two positions have been concurrently held by William F. Ruprecht.

The latter has been working for Sotheby's for 35 years.

One of the shareholders of the company

He gave his resignation in November last year.

Sotheby's is finally determined.

Two people Tad Smith partner in charge of the company's business.

Domenico De Sole has served as Gucci before.

Group president position (group at that time has been held by Kai Yun group).

He will serve as chairman of Sotheby's company.

He is also president of Tom Ford and Directorship in several companies, including Gap company.

Tad Smith, 49, previously served as president of Madison Square Garden sports and entertainment company.

He will be responsible for the daily management of Sotheby's.

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Yesterday, during an interview with China International Clothing and accessories fair, Zheng Yonggang said publicly that he had never been a tailor or wanted to be a tailor. He preferred to be called a financier.

The twenty-third China International Clothing and accessories fair, which was opened on that day, is the first time to move to Shanghai from Beijing. This change has also reflected the dilemma of the textile and garment industry in one aspect.

Chen Dapeng, executive vice president of the China clothing association, explained that the choice of Shanghai was due to the relative advantage of Shanghai's resources.

It is understood that in 2014, the textile industry, the main economic growth indicators of Enterprises above designated size increased from two digit growth to single digit growth, changing from high speed growth to medium speed growth. Almost all brand clothing enterprises were unable to extricate themselves in the quagmire of inventory.

All this seems more straightforward to Zheng Yonggang. "The era of money making by clothing is over."

Zheng Yonggang said to reporters, "if I was making clothes 30 years ago, 30 years later I was still making clothes."

Zheng Yonggang believes that at present, the global consumer goods are in a state of oversupply. As a low threshold industry, clothing is fiercely competitive and difficult to make bigger.

He believes that even if it has become the richest man in Japan, the future of UNIQLO is unlikely to last forever.

Zheng Yonggang said that making an international brand is the dream of his generation of costumes, but there is still a gap between Chinese brands, not in production and quality, but in leading the fashion trend. "The fashion trend in the world is released by people first, and then we follow it. This is the gap, and it is also the difference between them and the price."

In fact, the clothing industry is no longer the largest industry of Shan Shan.

According to the 2014 semi annual report issued by Shanshan stock company (600884) released by Shanshan holding company, the apparel business accounted for only 677 million yuan in the 18.72 billion yuan revenue achieved during the period, and the net profit of the business sector also lost 1 million 341 thousand and 600 yuan in the current period. It is far less than that of the lithium battery material industry, and the latter's revenue reached 1 billion 152 million yuan in the current period.

In January this year, Shanshan issued a notice of earnings growth. The main revenue came from the sale of bank shares in Ningbo.

Zheng Yonggang said he hoped to "enter the garment industry and retreat from the financial sector". Now he no longer asks about the specific business of the clothing sector. He doesn't even care if his successor will strip the garment business.

He said bluntly that the reason why he always kept the clothing plate was to read the feeling from his clothing.

Now, he prefers to call himself financier and investor.

Zheng Yonggang expressed his congratulating between the talks. "Next China's real economic pressure is very large, private enterprises are particularly stressed, but Shan Shan is fine, because we have already been pformed."

Of course, as an investor, Zheng Yonggang will not cling to existing industries.

At the moment, he has taken a fancy to the health industry and is eager to try. "We will definitely enter the health industry and enter the mass market."

Zheng Yonggang said.