Shanghai Textile Group Co., Ltd. acquires % shares of Danish Metropol

According to recent news from the Danish Investment Promotion Agency, Shanghai Textile (Group) Co., Ltd. has reached a cooperation agreement with the Danish fashion company Metropol to acquire 50% of the company’s shares. Shanghai Textile is a large-scale textile and fashion group in China, with a complete industrial chain integrating science, industry and trade services. Metropol is a pioneer in Nordic fashion and home design, with 5 independent brands and more than 1,500 stores around the world. The focus of this cooperation is communication in the field of fashion design and the sharing of sales channels. Danish Minister of Trade and European Affairs Nick Haekkerup said that fashion and creative industry exports account for 10% of Denmark’s total exports. He believes that China will become the largest market for global fashion in the next few years. The cooperation between Shanghai Textile and Metropol is a win-win result and sets another example of cooperation between China and Denmark in the field of fashion and creativity.