The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
SOFIA, Bulgaria — Chinese e-commerce group Alibaba is considering setting up a European logistics centre in Bulgaria, the Bulgarian government and Xinhua said on Wednesday.
No comment was immediately available from Alibaba.
Representatives of Alibaba Group, GS-Solar Company and GoldPoly Group met Bulgarian Prime Minister Boyko Borisov on Wednesday to explore investment opportunities, the government said in a statement.
Bulgaria has yet to take advantage of China's plans to expand its presence in central and Eastern Europe under its "One Belt, One Road" strategy to carve out new export markets between Asia and Europe.
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"Alibaba Group's ideas for investments are linked to setting up a logistics center to back up their operations in Europe. The project will also include trading of Bulgarian goods and foods in the international market," the government said.
The government has also said solar module producer GS-Solar is considering a plant to produce solar panels, while GoldPoly Group was interested in buying Bulgarian tobacco.
By Bhanu Pratap and Tsvetelia Tsolova; editors: Alexander Smith and Ruth Pitchford.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.