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In the first quarter of 2014, 11 cases of mergers and acquisitions occurred in the textile and garment industry, with the amount of mergers and acquisitions reaching 223 million U.S. dollars. The amount of mergers and acquisitions exceeded that of 2013 by the end of 2013. As a basic light industry industry, the textile and apparel industry has a certain degree of stability. After the financial crisis, its stable returns have once again attracted the attention of the investment community. The size of the M & A market saw substantial growth in 2011. Since 2013, the high inventory of the apparel industry has led many apparel industries into a dilemma. They have both restructured their business operations through restructuring and leveraging. The leveraging of capital markets has also become an important means of promoting the scale of mergers and acquisitions in the textile and apparel industry in 2014 Explosive growth. Prospects Industry Research Institute released "2014-2018 China's garment industry demand and development forecast analysis and forecast report" shows that from 2001-2009, mergers and acquisitions of the textile and apparel industry more deserted. The total amount of M & A in the past nine years was 850 million yuan. Since 2010, M & A in the textile and garment industry has started to accelerate, reaching 3.89 million U.S. dollars in 2010, to 301 million U.S. dollars in 2011, to 140 million U.S. dollars in 2012 and to 176 million U.S. dollars in 2013. The first quarter of 2014, the textile and apparel industry's merger amounted to 223 million US dollars. From China's textile and apparel industry, the number of mergers and acquisitions point of view, but also showed an accelerating trend. From 2001 to 2009, the average annual rate was 1, from 8 in 2010 to 15 in 2011, 8 in 2012 and 15 in 2013. In the first quarter of 2014, the number of M & A cases in the textile and apparel industry reached 11. These data once again prove that textile and garment industry as a basic industry by investors. From the average amount of mergers and acquisitions of China's textile and apparel industry in terms of the amount of 6,148,300 US dollars in 2010, explosive growth in 2011 to 21,530,700 US dollars, a continuous decline, but in the first quarter of 2014, the average textile and apparel merger amount and quickly Recover to 24,816,700 US dollars. Can be seen that the average amount of mergers and acquisitions in the textile and apparel industry is not large, at 100 million yuan. This is determined by the nature of the industry. Textile and garment industries are labor-intensive industries, the investment requirements for fixed assets is not very high. Looking at the data and trends for the first quarter of 2010-2014. M & A in the textile and apparel industry will continue to be active. In the number of mergers and acquisitions, as the major textile and apparel brands in order to expand market share, is actively carrying out strategic layout or transformation and upgrading, it is estimated that the next two years will be the climax of a merger. In the amount of mergers and acquisitions, will continue to maintain the average investment of 1-2 billion yuan in the characteristics of the mergers and acquisitions in the amount of 1 billion yuan to 4 billion yuan. In addition to capital factors involved, nowadays textile and clothing M & A is another major feature of the merger between brands and brands increased, especially the pursuit of high-end brands. M & A between brands and brands is to bring new value to the brand through M & A. The acquisition of high-end brand, brand, is the industry recently appeared new phenomenon. Unforgettable acquisition of super service foreign service, it is with the power of high-end brands to achieve their own improvement. Similarly, the seven wolves acquisition Kenner, though not the acquisition between brands, but the acquisition of foreign top brands in China's agent resources, but the essence is that seven wolves for high-end.