KBS Fashion Group Limited Announces Strategic Partnership to Increase Collaboration with Regional Brand
KBS Fashion Group Limited (KBSF)
US:NASDAQ Investor Relations:
ir.kbsfashion.com
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Source: PR Newswire
SHISHI, China, Sept. 13, 2018 /PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, announced today its wholly-owned subsidiary Anhui Kaixin("Kaixin") has formed a long-term strategic partnership with Hangzhou Yiyuan Apparel Co., Ltd("Yiyuan"). Yi Yuan is China's leading wholesale and retail brand in men's M5G down jackets. Given Kaixin's expertise in down jacket production, the partnership is positioned to supply Yiyuan high quality products to drive its sales. Yiyuan is expecting to place an order of 100,000 pieces each year, valued at RMB 6 million (approximately USD 873,810) starting immediately upon signing. The establishment of this partnership is one of the Company's many efforts to expand its sales through the collaboration with Chinese regional brands.About KBS Fashion Group LimitedHeadquartered in Shishi, China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the busi
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