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HONG KONG, July 30, 2009 - (ACN Newswire) - China Ting Group Holdings Limited ("China Ting" or the "Company", HKSE code: 3398) and Bernard Chaus, Inc. (OTC Bulletin Board: CHBD.OB) today announced that they have entered into a long term exclusive supply agreement whereby China Ting will act as the exclusive supplier of merchandise purchased by Bernard Chaus Inc. in Asia. Based in New York, Bernard Chaus, Inc. designs, sources and markets an extensive range of women's career and casual sportswear which are sold throughout the United States through department store chains, specialty retailers and other outlets.
Mr. Ting Hung Yi, Chief Executive Officer of China Ting Group Holdings Limited, said, "Chaus has long been a valued customer and commercial partner. We are delighted that our two companies have agreed to forge a closer bond. We believe that the combination of our strengths will provide greater value to the retail market place and, ultimately, the consumer and shareholders. Our collective resources can be the platform for substantial business expansion.
Mr. Ting added, "It is a new model of strategic partnership which will attract prestigious branded companies to the China Ting Group and an opportunity to enhance our market share. We are confident that China Ting Group will contribute to more flexible and efficient service and guaranteed quality, further strengthening the positioning of the brand and attraction to the customers."
Josephine Chaus, Chairwoman and Chief Executive Officer of Bernard Chaus, Inc, US, said, "We are very pleased to expand the long and cooperative relationship we have had with China Ting. Over the years they have been one of our more important merchandise suppliers in many product categories utilizing their substantial and impressive production capabilities. We are confident that our newly expanded relationship will enable us to improve the innovation, quality and value of our products, increase our speed to market, reduce our costs and strengthen our balance sheet."
Josephine Chaus added, "We are excited about working with the China Ting team and infusing our brands with the benefit of China Ting's broad based product development resources, strong manufacturing capabilities and supply chain efficiency. This expanded relationship will enable us to turn our design and merchandising visions into commercial reality that will help us grow our business and benefit our customers, our consumers and our shareholders."
Contact:
China Ting Group Holdings Limited
Sharon Wood
Tel: +852 2191 8966
sharonwood@chinatingholdings.com
Porda International (Finance) PR Group
Sharis Siu
Tel: + 852 3150 6770 / (852) 9316 8576
sharis.siu@pordafinance.com.hk
Alman Loong
Tel: + 852 3150 6731 / (852) 9107 8225
alman.loong@pordafinance.com.hk
Harriet Lau
Tel: + 852 3150 6761 / (852) 9199 2965
harriet.lau@pordafinance.com.hk
Fax: + 852 3150 6728
Topic: Corporate Announcement
Source: Bernard Chaus Inc. / China Ting Group
Sectors: Retail & eCommerce, Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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