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Help needed - textile for sale. Thanks

From: Gigi Yau <gigiyau@idt.net>
Date: Wed, 01 Dec 1999 01:19:56 -0600
Message-ID: <3844CC1C.7358@mail.idt.net>
To: www-international@w3.org
Dear friends in different part of the world,

I appreciate everybody from different part of the world whom I have not
met reading this email.  I also hope there is someone willing and able
to help.

I have an uncle who is 73 year old and deteriating in health wants to
retire from his textile business.  I am writing for any connection for
him to sell his existing stock for cash to close down his business.  It
has been harder than all of us closeby to anticipate due to the slow
economy in the last two years in Asia, including Hong Kong and mainland
China.

He has been successful in his business especially in the last forty
years that face to face dealing was the main way of doing business, and
dry clean only business suit for men and women had been the standard in
business world.  His business was obviously impacted by 1) the culture
changed in the work place that business casual became the norm and
textile for suit and other dressier clothings became much lower in
demand; 2) the internet in marketing and sales became the trend.  So, it
is very hard for him to see himself facing bankrupcy after 40 years of
successful business, as much as for all of us around to see that getting
close to happen.  His existing stock is enough to pay all the debts, but
it is hard to liquidate his stock, although in my opinions they are of
good quality and good design at good wholesale price.

I wonder if anybody from any part of the world can tell me if your
country still has demand of those kind of woolen textile (for summer and
winter) for men and women.  I have also tried to locate an e-mailing
list for garment manufacturing industry that would buy textile, but it
is harder to find than other retail mailing list.  He is willing to let
go the stock at cost or very slightly over cost to breakeven, or even
sell below cost if someone buys the entire stock.  Any help would be
greatly appreciated.  He would find out the export requirements and fee
related to the transaction.  Thanks in advance.

Gigi Yau
St. Paul, Minnesota
Received on Wednesday, 1 December 1999 02:19:49 GMT

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