Sun Fortune Ltd. Takes Over Goalmax in Suzhou on January 1st

-- The Subsidiary of the Textile Discounter NKD is Now Represented in Asia by Four Purchasing Offices

BINDLACH, Germany, March 9 /PRNewswire-Asia/ -- The textile discounter NKD is further expanding its presence in Asia. The NKD subsidiary Sun Fortune Ltd. is to take over the office of the trade agency Goalmax as of January 1st 2010 in Suzhou near Shanghai. In addition to the headquarters in Hongkong, it is already the second office in China. Together with the branch offices in Dhaka and Bangalore, Sun Fortune Ltd. is now represented by a total of four purchasing offices in Asia.

Asia and China in particular are becoming increasingly important purchasing markets for the expansive textile chain store company NKD. This is also demonstrated by the plans in Suzhou: Sun Fortune Ltd. (100 % subsidiary of NKD) will not only take over the Goalmax team, but will also create additional jobs. About 50 employees in total will coordinate the product and order processing in China. An additional task is the supervision of the products on site to ensure that the customers of the almost 1400 NKD stores in Europe are offered exceptional quality at an inexpensive price.

Background: This is NKD

The NKD group of companies with chain stores in Germany, Austria, Italy, Slovenia and Switzerland is among the largest businesses in the textile retail industry. Since 2007, NKD has run an online shop. The company includes almost 1400 chain stores and over 6000 employees. Among German textile retailers NKD ranks 16th in terms of turnover (source: "TextilWirtschaft 35/09").

For more information, please contact:

Vanessa Kohler

NKD Vertriebs GmbH

Buhlstrasse 5-7

95463 Bindlach

Germany

Tel: +49-920-8699436

Email: vanessa.koehler@nkd.de