Heilan Home and Wanda entered into Strategic Partnership Framework Agreement. The signing ceremony was held at Hilton Shanghai Hongqiao on April 28th, 2015 and attended by Mr Gu Dongsheng, the general manager of Heilan Home, and Mr. Chen Deli, vice president of Wanda Commercial Management Company (“Wanda”).
The two parties will reply upon respective business advantages to strengthen each other, and promote cooperation between Heilan brands including HLA, EICHITOO, BETTSALE and SANCANAL, with Wanda Plaza Projects in the next five years. For Wanda’s business plazas in different cities, Heilan Home, under the same conditions as agreed, will be given priority to rent part of the properties as its brand stores.
Insiders commented that the strategic cooperation between Heilan and Wanda is a win-win coalition between two benchmark enterprises of garment and commercial property industries, and will exert a profound influence on the future of China’s garment industry.