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|| Chinese investment firm Guotai Litian acquired Los Angeles jeans brand

gtig losangelesChinese investment firm Guotai Litian International Group has acquired the iconic Los Angeles jeans brand JNCO for a seven figures amount.

JNCO was founded in Los Angeles in 1985. Jiangsu Guotai (formerly Shazhou Foreign Trade Corporation) was founded in 1997 and works as a holding company. In 2014 the group's annual sales reached $3.69 billion.

Jiangsu Guotai is listed in the Chinese Investors Directory with the code MA171

More details follows

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