Esquel Group

Basic information

Ownership status:

Publicly traded

Website:

http://www.esquel.com

Financial information

Detailed financial information

More detailed description of business strategy:

"Esquel's core strategy for years has been to go upmarket. In the late 1980s that meant our operations had to reach Japanese quality. Now we want to reach Italian quality, which is the best in the world. To do that, I wanted to invest $150 million in a brand-new fabric mill to increase our capacity and make us the mill with the highest quality in China... We grow our own high-quality cotton in western China--why not make the most of it? My bet is that with the end of quotas, more people are going to invest in the low end than the high end. If Esquel can reach the pinnacle of quality, profit margins are better and competition is less. The first company in China to get there is going to have a big advantage... it is critical if we want to be the best shirtmaker in the world. My goal is for Esquel to be a billion-dollar company by 2008, double what we are now." -- Marjorie Yang interviewed for Fortune Nov. 14, 2005

Location(s)

12/F Harbour Centre

25 Harbour Rd.

Wanchai

Hong Kong

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Esquel Group is one of the world's leading producers of premium cotton shirts, with production facilities in China, Malaysia, Vietnam, Mauritius, and Sri Lanka, and a network of branches servicing key markets worldwide. The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing.

Additional descriptive data

Major brands:

* PYE

* anywear

Brands marketed only in China. The company's main business is production for other brands.