Gao Dekang Net Worth is$1.7 Billion
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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

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Gao Dekang Latest News

Gao Dekang: Government support for garment industry

Gao Dekang, the deputy to the National People's Congress and chairman of Bosideng Group, sits down with China.org.cn to talk about new bills, Chinese manufacturing and the internationalization of Chinese brands on Mar. 6, 2013. Gao Dekang, a two-termer of ...
Posted: March 8, 2013, 4:00 am

Chinese fashion has an image problem, Bosideng's struggle shows

Bosideng, which makes down-jackets for giants including Adidas AG, was the most successful outerwear supplier in China when chairman Gao Dekang, a tailor-turned-billionaire, opened a £35 million (S$62.3 million) store in London's Mayfair. The expansion ...
Posted: July 26, 2017, 5:00 pm

Bosideng opens pop-up shop in NYC

Bosideng's Chairman and CEO Gao Dekang with Marty Staff, former president and CEO of Hugo Boss, at Bosideng's pop-up store launch in Manhattan. Amy He / China Daily Bosideng, known in China for its line of down jackets, launched a pop-up shop in New York ...
Posted: January 24, 2014, 4:59 am
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