The Youngor Group was founded in 1979. Over almost three decades, the Group established businesses in sectors including property development and equity investment, in addition to its core business of branded garment manufacturing and marketing. The Youngor Group is now a major multinational corporation, employing over 50,000 people. Youngor Group Company Limited – a member company of the Group – was listed on the Shanghai Stock Exchange in 1998.
The Youngor Group achieved sales of RMB21.4 billion, including USD770 million from export, making a total profit of RMB2.39 billion, and contributing over RMB1.48 billion to china’s tax revenue.
In 2006, Youngor Sino-Japan Knitting Wear and Youngor Shirts jointly launched the DP shirt, which received a warm welcome by the market. Over time, these shirts have generated great amounts of sales revenue and have become a new selling point within Youngor’s garment repertoire.
On January 22, 2008, Youngor Group completed its USD$120 million dollar acquisition of Hong Kong’s Smart Shirts Limited (a subsidiary of US Kellwood), which made it the largest and most significant overseas M&A event in the history of China’s domestic clothing industry. As the leading brand for menswear in china, Youngor’s vertically integrated industrial chain had already been established and the acquisition extended Youngor’s reach horizontally by empowering its global purchasing ability, granting the company overseas production capabilities, and extending its logistics and marketing network. Smart Shirt Limited’s mature logistical and marketing network in North America became Youngor’s primary channel for selling large quantities of Youngor-brand products overseas.