Chinese Enterprises Take An Active Part In The Cooperation And Development Of Tajikistan Free Trade Area

according to

"Avesta" website reported that Chinese enterprises take an active part in the investment and construction of Tajikistan free trade area.

Reported that it has been in Tajikistan.

"And"

"China's industrial enterprises such as free trade zones are mainly involved in petroleum refining, cotton processing, building materials production, leather processing and so on.

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By the end of 2015, Ermenegildo Zegna group ran 523 boutiques, 307 of which were direct stores.

Affected by the weak performance of the Greater China region, the restructuring of its manufacturing business and the expansion of market business with strong growth potential, the net profit of Italy clothing group Ermenegildo Zegna 2015 plummeted by 36.6%, and the profit before tax and depreciation and amortization fell by 21%.

In the 12 months ending December 31st, net profit fell from 45 million euros in 2014 to 45 million euros, before tax depreciation and amortization fell 21% to 146 million euros, and 185 million euros in 2014.

Total revenue rose 4% to 1 billion 260 million euros, and 1 billion 210 million euros in 2014.

Group chief executive officer Gildo Zegna revealed that the narrowing of group profits was partly due to investment in industrial restructuring, such as the expansion of the market with high potential, such as the United Arab Emirates of Japan and Arabia, the prudent choice of currency hedging and the weakening of the market with high profit margins (such as greater China).

However, the Group believes that the performance in 2015 has been satisfactory in view of the geopolitical and financial turmoil that has to be faced.

The group began optimizing its retail network last year.

First, the group set up a joint venture with Al Tayer group, based in Dubai, to expand its influence in the Middle East.

According to the agreement, Al Tayer group's former partner, UAE Trading, took over the business.

UAE Trading is the main operator of Ermenegildo Zegna in the United Arab Emirates' domestic brand boutiques and other sales outlets in Arabia.

Last year, the group completed its industrial restructuring project and stepped up its investment in its supply chain control.

Ermenegildo Zegna set up the most advanced manufacturing center for its clothing department in San petero, near the area of Nova.

In addition, the group also has three production centers for casual wear, coats and leather garments and accessories in Parma, Italy, while the center for knitted apparel is established in Veron, near Italy.

Chief executive Gildo Zegna believes that the restructuring of manufacturing business will enable the group to better face the global market challenges of instability and lack of reference standards.

According to the financial report, the group's custom department has recorded double digit growth, mainly thanks to high service and unique textiles, as well as the strong growth of MTM leisure and luxurious custom services.

In addition, wholesale business has also been improved.

MTM formerly known as "Made to Measure" customized services, is an exclusive service, mainly dedicated to the pursuit of detail and high quality.

In 2016, the group planned to open new stores in Berlin, Istanbul, Tehran and Macao.

In addition, Ermenegildo Zegna will refurbish existing stores, such as stores in Bond Street, London.

The group will launch a full channel project, starting in Europe and the United States, and then in Asia, aiming to enable consumers to enjoy a better shopping experience.