Zipper King YKK lays off employees Guo Desheng made his first pot of gold as a YKK agent to build a new kingdom

Under the epidemic, Hong Kong's economy has suffered setbacks and the garment industry has shrunk. The well-known Japanese YKK Zipper (Hong Kong) Co., Ltd. will undergo business restructuring. It plans to close the Tuen Mun factory and lay off about 240 employees.

YKK Zipper Hong Kong Co., Ltd. was established in 1966. It is an overseas branch of YKK, Japan, responsible for the production and sales of zippers.

The late Sun Hung Kai Properties founder Guo Desheng also started his business with YKK zippers. At that time, Guo Desheng saw the time when the clothing industry was booming. He was the sole agent of YKK zippers in Japan. After successfully earning the first pot of gold, he moved to the real estate industry.

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YKK Hong Kong will carry out a business restructuring plan to close the Tuen Mun factory and lay off employees

The Hong Kong branch of YKK Zipper Group stated that the company has started to lay off employees in stages since June this year. In response to the closure of the factory in Tuen Mun, it plans to lay off about 220 people.

In addition, in response to the reduction in business scale, production support and some sales and management-related positions will also be reduced to 20 people.

The late Sun Hung Kai Properties founder Guo Desheng also started his business with YKK zippers, and later moved to the real estate industry.

(Photo of Sun Hung Kai Properties Co., Ltd.)

Guo Desheng saw the booming garment industry in the late 1950s and became the sole agent of YKK

YKK Zipper Hong Kong Co., Ltd. was established in 1966. It is an overseas branch of YKK Japan. It is responsible for the production and sales of zippers. The late Sun Hung Kai Properties founder Guo Desheng also started his business with YKK zippers.

Guo Desheng was originally from Zhongshan. In his early years, he ran grocery wholesale with his father. After the Japanese invasion of China, his wife Kuang Xiaoqing gave birth to three sons and three daughters, including the familiar former chairman of SHKP Guo Bingxiang and former co-chairman of SHKP Guo Bingjiang.

Guo Desheng established "Hongchang Import and Export Co., Ltd." in 1952, specializing in the wholesale of foreign goods. At that time, he was even known as the "king of foreign goods."

In the late 1950s, the clothing industry began to flourish. Guo Desheng had a unique eye. He was on time and Yang Yaosong, the "king of industrial building", as the exclusive agent of Japan's YKK zipper in 1954, and successfully earned the first pot of gold.

YKK Zipper (Hong Kong) Co., Ltd. today announced the layoff of 240 employees.

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The business was then handed over to my brother Guo Debiao

Later, Guo Desheng handed over the YKK zipper business to his younger brother Guo Debiao. After Guo Debiao retired, his second son, Guo Bingyan, managed it.

Guo Bingyan mentioned in a media interview that Hong Cheong Hong has been supplying zippers to familiar manufacturers that produce GAP, Tommy Hilfiger, Polo and other famous brands for many years. The annual turnover can be as high as 200 million yuan.

He also revealed that Japan’s YKK Zipper Corporation did not withdraw its agency rights because of nostalgia.

In 1958, Guo Desheng moved to the real estate industry. In the 70s, when the chairman of the board, Guo Desheng changed the company's name to Sun Hung Kai Properties and personally served as chairman of the board. His business continued to develop rapidly.

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Guo Desheng fought the real estate industry in 1958

In 1958, Guo Desheng moved to the real estate industry.

Founded Sun Hung Kai Enterprises Co., Ltd. with his friends Li Zhaoji and Feng Jingxi with a joint venture of 3 million Hong Kong dollars. Guo De is qualified as the chairman of the board of directors.

By the 1970s, the three of them went their separate ways. Guo Desheng changed the company's name to Sun Hung Kai Properties and took the post of chairman himself. The business continued to develop rapidly and was successfully listed in 1972.

In 1990, Guo Desheng passed away. After more than 30 years of the Guo brothers, the current market value of Xindi has reached nearly 300 billion yuan.

Zipper King YKK closes the factory to lay off employees Deng Dazhi recalls the glorious history: Pretty goods must use YKK zippers. Japanese Zipper King YKK Hong Kong company lays off 240 employees: Longevity or difficulty in recruiting new workers

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