News brief
Danish fashion brand Selected to close all 1300 shops in China
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he Danish owned fashion brand “Selected” will close all its 1300 stores in China before the end of July, the company has announced. The stores are owned by Bestseller Fashion Group China which has become one of China’s leading fashion retailers operating more than 7,000 stores in over 500 cities throughout China. The other Bestseller store brands in China are Only, which was launched in China in 1996 and today operates 1,932 stores, JACK & JONES which was launched in March 2000 and today operates 1,986 stores and VERO MODA which was launched in August 2001 and today operates 1,942 stores. Although there is a cooperation between Bestseller in Europe and Bestseller in China, most of the designs for the Chinese market are
made in China and adjusted to the taste and requirements of the Chinese consumers. Over 90% of the products sold in China are also produced in China. Bestseller Fashion Group China is an independent company established in 1996 and is 50% owned
by Anders Holch Povlsen and 50% by Dan Friis and Allan Warburg who also runs the business on a daily basis. The brand said, the pandemic has led to huge changes in consumer demand, affecting China’s traditional retail industry.
Denmark and Vietnam in people-to-people exchange
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Vietnamese Ambassador to Denmark Luong Thanh Nghi receives the Chairman of the Denmark-Vietnam Friendship Association. (Photo: VNA) 8 ScandAsia • June 2022
ietnam's Ambassador to Denmark, Luong Thanh Nghi has suggested that DenmarkVietnam Friendship Association (DAVIFO) co-ordinate with relevant agencies to organize forums for young people of both countries to serve as a nucleus for bilateral ties. Areas where this would make a big impact would be in activities such as cuisine festivals, photo exhibitions and dialogues between prestigious writers and artist and audiences to promote the Vietnamese and Danish cultures, he said at meeting on 17 May with DAVIFO President, Trine Glue Doan.
The DAVIFO president had briefed the Ambassador on a number of DAVIFO projects in Vietnam, covering the supply of medical equipment to local hospitals and support to disadvantaged children.
