Gao Dekang Net Worth is$1.7 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
Gao Dekang Net Worth: Gao Dekang is a Chinese businessman who has a net worth of $1.7 billion. Chairman of Bosideng International Holdings Limited and Shanghai Bosideng Holdings Group Co. Ltd., Mr. Dekang is one of the world's largest suppliers of midlevel down-jackets. Even though he has been ranking high in the world of billionaires over the years, Dekang's net worth has seen a decline of $150 million from a year ago as net profits dropped 25% in the 12 months through March on rather slow global economic growth. Married with three children, he currently resides in Changshu, China. Gao's wife, Mei Dong, also holds a seat at Bosideng's board, together with cousin Gao Miaoqin.
Bosideng International Holdings Limited (SEHK: 3998) is the largest down clothing company in the PRC. It has 7,579 retail outlets selling down clothing under its six core brands including "Bosideng", "Snow Flying", "Kangbo", "Bengen" (previously known as "Bingjie"), "Shuangyu" and "Shangyu". Through these brands, the Group offers a wide range of down clothing products targeting various consumer segments to strengthen and expand its leading position in the PRC down clothing industry.
According to China Industrial Information Issuing Center ("CIIIC"), in terms of sales in 2010, "Bosideng", "Snow Flying", "Kangbo" and "Bengen" down clothing products achieved a combined market share of 36.7% in the PRC. "Bosideng" was the leading down clothing brand in the PRC for 16 consecutive years from 1995 to 2010, according to CIIIC and the National Bureau of Statistics of China. As a leader in the PRC down clothing industry, the Group introduced, for 15 consecutive years, the latest fashionable Fall/Winter clothing trends to the world on behalf of the PRC at the "China International Clothing and Accessories Fair".
To further optimize its product mix and increase profitability, the Group has adopted a "non-seasonal product" development strategy. Currently, the non-down clothing products of the Group include "Bosideng MAN", "BOSIDENG RICCI" lady's wears casual wear and "D.D. Cat" kids wear,"VETALLO" high-class menswear and the franchise project of "ROCAWEAR" in the Greater China Region. The Bosideng menswear business developed rapidly and has already set up 979 retail outlets throughout China, while the franchise project of "ROCAWEAR" in the Greater China Region has opened 7 consignment counters in major cities including Beijing, Shanghai and Hangzhou. Apart from investing in the continuous development of the above non-down clothing businesses, the Group is actively exploring opportunities to merge and acquire non-down clothing brands with high development potential and good

(Visited 4 times, 1 visits today)

Gao Dekang Latest News

China's Bosideng sails ahead with overseas plans

But its chairman and founder said it would not stop there. "We want to use this very first flagship store as a basis for future expansion inside and outside of the UK," Gao Dekang told Reuters on Frid...
Posted: October 13, 2012, 10:47 am

Mencyclopaedia: Bosideng

"That's just telephone numbers." Bosideng's founder Gao Dekang Bosideng was founded by Gao Dekang. "I started out with no money and eight sewing machines," he recalled recently. "I had to take buses t...
Posted: August 3, 2012, 12:03 am

The Chinese Billionaires Who Got Poorer

Making one’s wealth in the retail industry hurt a number of other Chinese billionaires, including Zhou Chengjian of casualwear firm Metersbonwe Group, Gao Dekang of apparel company Bosideng Internatio...
Posted: September 12, 2013, 2:07 am
Related Topics: