DENHAM Group B.V. and Trendy Fashion Co., Ltd have announced a joint venture agreement, to operate and manage the distribution of the DENHAM brand in greater China — including Mainland China, Hong Kong, Macau and Taiwan — and drive business growth in the region.
‘Our joint venture with Trendy International Group will allow us to expand our business in China, building upon the strong momentum we’ve already established in regions like Japan and the Netherlands,’ said Ludo Onnink, CEO of DENHAM Group B.V. ‘China is a large and diverse market where we plan to drive significant and strategic long- term growth. Trendy International Group has fantastic commercial and distribution experience, and we are confident in their expertise and support as we realise the full potential of our brand.’
The DENHAM China joint venture will oversee the opening of approximately 40 DENHAM stores in the market by 2020, and safeguard the brand’s positioning in the premium denim segment. The first DENHAM store in China will open in May 2017 in Shanghai Dazhongli, followed by three additional locations this year including Beijing Wangfu Central.
‘We are proud to have created a partnership with such esteemed and successful leaders in our industry,’ said Jason Denham, Chief Creative Officer of DENHAM Group B.V. ‘Jacky Xu, Chairman of the Board & CEO of Trendy International Group, is an energetic visionary and a pioneer in our field. We had an instant click and a like-minded vision, both on product and how to take our business model in to the future.’
‘We’ve identified an incredible opportunity to expand the value and reach of DENHAM in China,’ said Andre Chen, Senior Vice President of Trendy International Group. ‘We believe the brand has huge potential, and we look forward to making this a reality by maximising our well- established infrastructure and regional leadership expertise.’
DENHAM will continue to showcase its collections at Lane Crawford stores in Hong Kong and China.