338
edits
Changes
Jump to navigation
Jump to search
=== Contact information===
12/F Harbour Centre<br />
25 Harbour Rd.<br />
Wanchai, Hong Kong<br />
Tel:(852) 2811 8077<br />
Fax:(852) 2960 6988<br />
http://www.esquel.com<br />
===Company history===
==Human rights==
2000 Esquel joined [http://www.unglobalcompact.org/ParticipantsAndStakeholders/search_participant.html?detail=Esquel+Group+of+Companies Global Compact] <br />
===Business scope=======Lines of business====
====Units/subsidiaries====
====Brands====
====Customers====
====Suppliers====
====Competitors====
====Creditors====
===Number of employees worldwide===
2005: 44,894 <ref>Esquel Sustainability Report </ref>
===Chief executive officer===
Marjorie Yang
===Financial information===
====Total revenue==== ====Net income====
====Historical financial results====
2000 Revenues: USD 500,000,000 <ref>Measuring Sustainability</ref>
====Readings on company====
* Murphy, C. 2003. "The Daughter Also Rises: Marjorie Yang took over the family shirt business - then turned it inside out." Fortune (European Edition) 148(8): 50-57.
===Business strategy===
"Esquel's core strategy for years has been to go upmarket. In the late 1980s that meant our operations had to reach Japanese quality. Now we want to reach Italian quality, which is the best in the world. To do that, I wanted to invest $150 million in a brand-new fabric mill to increase our capacity and make us the mill with the highest quality in China... We grow our own high-quality cotton in western China--why not make the most of it? My bet is that with the end of quotas, more people are going to invest in the low end than the high end. If Esquel can reach the pinnacle of quality, profit margins are better and competition is less. The first company in China to get there is going to have a big advantage... it is critical if we want to be the best shirtmaker in the world. My goal is for Esquel to be a billion-dollar company by 2008, double what we are now." -- Marjorie Yang interviewed for [http://money.cnn.com/magazines/fortune/fortune_archive/2005/11/14/8360725/index.htm Fortune Nov. 14, 2005]
===Governance=======Executives====
====Board members & affiliations====
====Executive/director compensation====
SW: template
| net_income =
| assets =
| num_employees = 44,894(2005) <ref>Esquel Sustainability Report </ref>
| parent =
| equity =
Esquel was founded by Yang Yuan Loong in 1978. The company was one of the first to invest in China when the country opened up in the 1970s. Today the company is led by the founder's daughter, Marjorie Yang.<ref>[http://www.esquel.com/en/index7.html Esquel Group Website: Corporate News]</ref>
===Political & public influenceHistorical financial results===2000 Revenues: USD 500,000,000 <ref>Measuring Sustainability</ref>
===Business strategy==="Esquel's core strategy for years has been to go upmarket. In the late 1980s that meant our operations had to reach Japanese quality. Now we want to reach Italian quality, which is the best in the world. To do that, I wanted to invest $150 million in a brand-new fabric mill to increase our capacity and make us the mill with the highest quality in China... We grow our own high-quality cotton in western China--why not make the most of it? My bet is that with the end of quotas, more people are going to invest in the low end than the high end. If Esquel can reach the pinnacle of quality, profit margins are better and competition is less. The first company in China to get there is going to have a big advantage... it is critical if we want to be the best shirtmaker in the world. My goal is for Esquel to be a billion-dollar company by 2008, double what we are now." -- Marjorie Yang interviewed for [http://money.cnn.com/magazines/fortune/fortune_archive/2005/11/14/8360725/index.htm Fortune Nov. 14, 2005] ==Political & public influence== ==Corporate Accountability===
===Labor===
History: <br />
2000 Esquel joined [http://www.unglobalcompact.org/ParticipantsAndStakeholders/search_participant.html?detail=Esquel+Group+of+Companies Global Compact] <br />
# [http://www.civic-exchange.org/publications/2002/esquel-report.pdf Measuring Sustainability: A Snapshot of a Hong Kong Company]
===Human rights===2000 Esquel joined [http://www.unglobalcompact.org/ParticipantsAndStakeholders/search_participant.html?detail=Esquel+Group+of+Companies Global Compact] <br /> ===Environment & product safety===
History: <br />
2000 Esquel joined [http://www.unglobalcompact.org/ParticipantsAndStakeholders/search_participant.html?detail=Esquel+Group+of+Companies Global Compact] <br />
# [http://www.civic-exchange.org/publications/2002/esquel-report.pdf Measuring Sustainability: A Snapshot of a Hong Kong Company]
===Consumer Protection & Product Safety======Anti-trust, consumer protection, tax practicesTrust and Tax Practices===
===Social responsibility initiatives===
* Support for schools in Xinjiang region of China: book donations, renovations, exchange program for high school students from Hong Kong and United States, Eco-Mobile, scholarships for students whose parents are HIV positive <ref>Esquel Sustainability Report</ref>
* Cotton production
* Yarn spinning
* Accessories (buttons, labels, tabs, packaging)
* Retail (two shops in China for PYE brand)
Cotton group:
* Akesu Esquel Agricultural Development Co. Ltd. (China)
* Esquel Apparel Inc. - Seattle (United States)
* PYE
* anywear
Brands marketed only in China. The company's main business is production for other brands.
* [[Abercrombie & Fitch]] <br />
* [[JCPenney]] <br />
* [[Tommy Hilfiger]]
Esquel's production is largely vertically integrated.
==Financial information== ===List of largest shareholders====
Wholly family-owned
===Geographic scope===
Marjorie Yang (chairman & CEO), John Cheh (COO)
Marjorie Yang (Chairman), Theresa Yang (Vice Chairman), Hau Leung Lee (Indep. non-executive director), York Liao (Indep. non-executive director), Daniel Ng (Indep. non-executive director), John Strickland (Indep. non-executive director)
==Contact information==
12/F Harbour Centre<br />
25 Harbour Rd.<br />
Wanchai, Hong Kong<br />
Tel:(852) 2811 8077<br />
Fax:(852) 2960 6988<br />
http://www.esquel.com<br />
==Articles and resources==
===External articles===
*[http://money.cnn.com/magazines/fortune/fortune_archive/2005/11/14/8360704/index.htm Global Power 50], ''Fortune'' (via ''CNN Money''), November 14, 2005.
* Murphy, C. 2003. "The Daughter Also Rises: Marjorie Yang took over the family shirt business - then turned it inside out." Fortune (European Edition) 148(8): 50-57.
[[Category: Corporations]]
[[Category: Apparel]]
