The latest news from the China Execution Information Disclosure Network shows that Zhejiang Jieliya Co., Ltd. has added three new pieces of information on persons subject to execution, and the total execution target exceeds 360 million.
According to the official website of Jie Liya, Jie Liya Group was founded in 1986 and has three major production and R&D bases in Zhejiang, Xinjiang and Hubei. It is a company integrating spinning, dyeing and finishing, weaving, marketing and logistics, with towel series products as its core business. The core business is a company developing multiple categories of underwear, panties, socks, and household products. An online and offline omni-channel sales system has been established. The sales volume and market share of towel products have ranked first in the country for many years in a row, and the brand value has reached 17.551 billion yuan.
Public information shows that Zhejiang Jieliya Towel Co., Ltd. has 5 cases in which it refused to perform its obligations specified in effective legal documents because it had the ability to perform, and was listed as a person subject to execution for breach of trust. As of now, Zhejiang Jieliya Towel Co., Ltd. has a total of 21 final cases. According to previous media reports, part of the execution mainly came from disputes related to financial loan contracts.
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In this magical year of 2022, major manufacturers are experiencing thunderstorms one after another! Ruxing, a Taiwanese jeans manufacturer, also experienced a major financial crisis!
Ruxing, the maker of Gap and Levi’s jeans, said: The company has no available funds! Ru Hing Co., Ltd. is a large textile factory in Taiwan!
Its management team stated at a recent press conference that the company currently has no available funds, and will next negotiate with financial institutions on fund provision and repayment.
You may not be familiar with Ruxing, but it is one of the largest jeans manufacturers in the world. According to the official website, there are production plants in mainland China, Myanmar, Cambodia, Tanzania, El Salvador and Nicaragua.
Ruxing currently needs to face problems including debt defaults and shareholder class actions. As one of the world’s largest denim manufacturers, Ruxing’s predicament will also have an impact on the daily operations of cooperative brands to a certain extent.
According to public information, Ruxing’s profile:
It was established on November 23, 1977, specializing in the production of jeans; in 1983, it increased the production of casual pants; in 1986, it added a factory to increase the production of suit pants and women’s clothing; in 1994, with the approval of the Investment Review Committee, it invested and established Ruxing Garment International Co., Ltd. in Vietnam. Garment factory and washing plant, the first 100% foreign-owned garment manufacturing company in Vietnam, which was put into production in June; in 1997, it was approved by the Securities Exchange Commission for public issuance of shares; with the approval of the Investment Review Committee, Ruxing Garment (Cambodia) Co., Ltd. was invested and established in Cambodia. The company was put into production in November; the stock was listed for OTC trading on December 16, 1999; in 2000, subsidiaries were established in Nicaragua and El Salvador in Central America, and garment processing plants were established. In terms of quality control, our company has standardized the production process of fabric inspection-marking-cutting-sewing-quality control-knotting-buttoning-washing-ironing-quality inspection-packaging, and all inspections after sewing are completed. The ironing is completely inspected to implement 100% inspection, with the goal of achieving quality control for all employees. The United States, Canada, Europe, and Japan are the main markets, among which the United States is the world’s largest garment consumer market.
Local fast fashion brand MJstyle has been executed for a total amount of approximately 110 million
On July 27, according to Qichacha, Shanghai Jianshang Clothing Co., Ltd. (hereinafter referred to as “Shanghai Jianshang”), an affiliate of local fast fashion brand MJstyle, added multiple pieces of information to be executed, with a total amount of approximately 110 million yuan executed. In addition, the MJstyle brand has been subject to administrative penalties many times due to product quality issues.
According to the information, Shanghai Jianshang Company has 17 pieces of information restricting high consumption at the same time.
Public information shows that MJstyle is a local fast fashion brand established in 2012. It is a fast fashion clothing brand under Shanghai Jianshang Clothing Co., Ltd., with a total of more than 900 stores.
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