Two Major Local Luxury Goods Groups Join Hands With Shandong To Cooperate Strategically With The Temple Library.

Ruyi group management and chairman Qiu Yafu

July 16th: before the U. S. stock market on Monday, the world's only luxury electric business Secoo Holding Limited (NASDAQ:SECO) Temple Holdings Limited announced the strategic cooperation agreement with the mainland's largest luxury group, Ruyi fashion holding group, and the two founders and chairman of the board, Li Rixue and Qiu Yafu, attended the signing ceremony.

Prior to the above cooperation, Si Ji Holdings has just entered the $175 million strategic financing of the well-known private equity fund L Catterton Asia and JD.com Inc. (NASDAQ:JD) Jingdong.

The intense alliance of giant alliances shows that China's high-end retail industry is following the global trend of consumption upgrading.

Trend, cooperation among giants is increasing.

Since 2016, Ruyi fashion holding group has continued to take overseas acquisitions and investments. In terms of revenue, it has a French light luxury group SMCP SAS (SMCP.PA), the only high-end menswear group in Greater China, Trinity Ltd. (0891.HK) Li Bang Holdings Limited (hereinafter referred to as Li Bang men's wear), and Switzerland Bally International AG, which owns the top 20 intellectual property rights of the UK brand, Aquascutum, Trinity, and all intellectual property rights in the global luxury industry. In 2017, the Si Ji holdings, which earned RMB $3 billion 740 million 500 thousand, could also rank third in the luxury electric business.

According to the joint statement of Ruyi fashion holding group and Siju holdings, the two sides will rely on their respective resources and capabilities in the platform of brand, technology, network, channel and listed companies, and complement each other. They will carry out comprehensive and deep strategic cooperation in the fields of brand operation, big data and intelligent manufacturing, smart new retail, etc., and jointly promote the global fashion industry chain line and online collaboration, and build a new benchmark for the industry.

Qiu yfu, chairman of Ruyi Holdings Group, said that as an important part of the global fashion industry chain, Ruyi has established the whole industry chain structure from manufacturing to brand. "Now we form strategic partners with the temple library with 20 million high-end customers, which will give full play to the advantage of the manufacturing edge and directly push the products to our high-end customers."

Li Rixue, chairman and chief executive officer of Siji group, said: "the advantages of Ruyi's brand and manufacturing can be combined with the advantages of temple Library's 20 million customers, which will change the past.

The industrial chain is relatively decentralized.

Through the Internet big data, we will load more high-end customers' personalized needs, and will continue to export more high-quality products and services to our customers.

The 40 international brands, such as Aquascutum, D 'URBAN, Maje, Sandro, Kent&Curwen, Cerruti 1881, Gieves&Hawkes, and so on, will be integrated into the whole channel platform of temple library holdings, such as electricity suppliers and physical stores.

In addition, the two sides also said they will explore new ways of cooperation in big data and intelligent manufacturing.