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WGSN announces joint venture deal with China Textile Information Center

Date posted on DIARY directory: Tuesday 23rd June 2015

WGSN, the global foresight business specialising in consumer, fashion and design trends and insights, has announced a joint venture with China Textile Information Center (CTIC) to drive business growth in the Chinese market. The joint venture, WGSN China, was signed by the Chairman of WGSN Mr Duncan Painter, who is also the CEO of Top Right Group the owner of Cannes Lions, and Mr Sun Ruizhe, the Vice President of CNTAC (the National Textile Apparel Council of China) and Chairman of CTIC, which serves China's growing fashion and textile industry of over 200,000 companies. Part of the National Textile Apparel Council (CNTAC), CTIC is the key operational arm, established to develop and promote the Chinese domestic and international textile industry. The organisation includes the central associations for fashion and colour, fabrics and textile engineering and is carrying central responsibilities for quality testing, statistics, IT, publications and social compliance of China textile industries. WGSN has operated in China since 2005, and already has more than 500 companies as clients acquired in partnership with CTIC and offers the full suite of WGSN products, with trend services provided in Chinese. Clients include fabric manufacturers, retailers, consumer electronics firms and entertainment companies. 

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