The "Two Generation" Succession "Storm" Came To Bosideng And Appointed Gao Xiaodong As Executive Director.

In March 29th, Bosideng announced that it would acquire 100% of the shares issued by Xinyue group through the international costumes of the wholly-owned subsidiary of Bosideng, a total of 660 million yuan.

As a result, Bosideng again overweight women's clothing market.

In addition, Bosideng also announced that its indirect wholly owned Affiliated Companies, Shanghai's costumes, will purchase all the shares of unio (Tianjin) garments at a total price of 20 million yuan.

Unio is currently the sole production agent for the brand ladies of Xinyue group.

Today, Bosideng has a new move. Bosideng (03998) announced that Gao Xiaodong has been appointed as executive director of the company and has come into force since March 28, 2017.

3998.HK has recently announced the appointment of Gao Xiaodong as executive director of the group. The 41 year old Gao Xiaodong is the founder, executive chairman, chief executive Gao Dekang and executive director of the group, and is also the chairman of Affiliated Companies Jiangsu Bosideng Garment Development Co., Ltd.

Gao Xiaodong joined Boston Limited by Share Ltd in 2002 and joined Bosideng group in 2013. He is currently in charge of Bosteng men's business.

Apart from Gao de Kang's eldest son,

It is also The GDK Trust (one of the beneficiaries is a full trust and a Cititrust Private Trust (Cayman) Limited established by Gao Dekang as a founder, and The GDK Trust holds 3198791201 shares of Bosideng group, which is equivalent to 29.94% of the group's issued shares.

According to Bosideng group, Gao Xiaodong was a senior economist and received a master's degree in Business Administration from Centenary College in 2009. He has extensive experience in clothing, highways, real estate and hotels.

In view of the recent "two generation" succession of the mainland's retail business, the above appointments or Gao Xiaodong's prelude to family business.

In the early February, Hai Lan home Limited by Share Ltd (600398.SS), the parent company of Hai Lan group limited, appointed Zhou Lichen, the son of Zhou Jianping, as the president, while Zhou Jianping remained the chairman of the group and Hai Lan home. In November 2016, Shanghai Metersbonwe apparel 002269.SS (hereinafter referred to as "American bond dress") also announced the "two generation" succession. Zhou Chengjian resigned as chairman and President of the United States dress, and her daughter Hu Jiajia took over.

However, the "two generation" succession of Hai Lan group and Mei Bang dress is very young "two generation" succession, but the situation is also different. Among them, the American state dress is involved in the "Xu Xiang case" which is invested by zhe Xi.

Gao Xiaodong's executive director was appointed as the strategic adjustment stage of Bosideng group, which announced its suspension of its UK business and the sale of its 2011 non down garment brand Mogao, indicating that the internationalization and four seasons strategy mentioned by the group in recent years has been frustrated.

Tuesday,

The group also issued a statement on the renewal of production outsourcing agreements.

For more information, please pay attention to the world clothing shoe and hat net information report.