Deshang Group Signs Agreement to Acquire Australia’s UG Group
On August 5th, the signing ceremony for Dishang Group’s acquisition of Australia’s UG Group was held at the headquarters of Dishang Group in Weihai, Shandong, where both parties formally signed the acquisition agreement.
According to reports, this signing is an important initiative for Dishang Group to deeply implement its globalization strategy and accelerate the international layout of its workwear industry. It marks the further expansion of the group’s global workwear footprint into the Australian market and also injects new development momentum into Dishang’s goal of creating a trillion-level global workwear industry hub.
Dishang Group Chairman Zhu Lihua, General Manager Zhu Hongtao, UG Group shareholder Anthony Charles Stirling, CEO Adam Wilkinson, as well as senior management personnel from both sides attended the signing ceremony.
Strategic Acquisition to Expand Global Footprint
At the signing ceremony, Zhu Hongtao, General Manager of Dishang Group, extended a warm welcome to the delegation from UG Group. He stated that this acquisition of UG Group will effectively enhance Dishang’s capabilities in brand management, offline retail, and localized services in Australia and Southeast Asia, and will promote the group’s workwear business to accelerate its integrated ecological transformation across brand, channel, and services.
At the same time, Dishang Group will continue to integrate high-quality global industrial resources, weaving a closer, cross-Asia, Europe, America, and Oceania global industrial network, contributing to the achievement of its strategic goal of becoming a trillion-yuan enterprise.
Adam Wilkinson, CEO of UG Group, expressed that Dishang Group’s strong industrial foundation, well-established global supply chain system, and robust manufacturing capabilities will provide strong support for UG Group’s long-term development. In the future, the UG team will rely on Dishang’s global platform to continuously drive brand growth and business expansion.
Post time: Aug-07-2026
