Jerash Holdings Secures Major Initial Order for Large Multinational Retail Corporation Through New Strategic Collaboration with South Korean Apparel Group, Hansoll Textile

Rhea-AI Summary

Jerash Holdings (NASDAQ:JRSH) has secured a significant initial order through a new strategic partnership with South Korean apparel group Hansoll Textile. The order, from a major U.S.-based multinational retail corporation, comprises over 3 million pairs of girls' shorts, marking one of Jerash's largest initial orders. Production is set to begin in August 2025, with FOB delivery scheduled for Q3-Q4 2025. The company will achieve standard margins through FOB delivery, operating at full capacity through December. CEO Sam Choi highlighted Jerash's advantageous position in Jordan, benefiting from free trade agreements with the EU, UK, and Canada, plus favorable U.S. tariff treatment, amid growing demand from companies seeking manufacturing alternatives beyond China and Southeast Asia.

Positive

• Secured major order for over 3 million pairs of girls' shorts through new strategic partnership
• Operating at full capacity through December 2025
• Standard margins achieved through FOB delivery versus traditional contract manufacturing
• Strategic positioning in Jordan with beneficial trade agreements with US, EU, UK, and Canada
• Potential for additional business opportunities with Hansoll Textile and the retail corporation

Negative

• None.

FAIRFIELD, NJ / ACCESS Newswire / June 12, 2025 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, announced today it has secured a major initial order for one of the largest U.S.-based multinational and omnichannel retail corporations through a newly formed strategic collaboration with Hansoll Textile Ltd. ("Hansoll"), a leading South Korea-based global apparel group that supplies a wide range of garments to major international retail and fashion brands.

The order, consists of more than three million pairs of girls' shorts, represents one of the largest initial orders in Jerash's history. Jerash expects to start production in August, for FOB (free-on-board) delivery in the third and fourth quarters of 2025.

"Jerash has built a strong reputation as a high-quality, reliable and flexible manufacturer for global apparel brands and we are honored that the high-profile retail corporation recommended Hansoll, one of its largest apparel vendors, to work with us," said Sam Choi, Jerash's chairman and chief executive officer. "Following this initial order, it is our mutual intention to discuss additional synergies and identify ways we can continue to grow together.

"By delivering these products on an FOB basis, we are attaining standard margins, compared with traditional contract manufacturing through a third-party. This order creates a strong opportunity for potential upside during Jerash's seasonally slower period in the second half of our fiscal year. As a result, we are now operating at full capacity through the end of December.

"Amid the ongoing tariff uncertainty, we have been receiving an increasing number of inquiries from brands and large apparel manufacturers seeking to maintain competitiveness in a rapidly evolving global trade landscape. Many companies are actively exploring manufacturing alternatives beyond China and Southeast Asia. With long established operations in Jordan, Jerash is well-positioned to meet this demand, benefiting from the country's free trade agreements with the EU, U.K. and Canada, as well as favorable tariff treatment currently in place from the U.S.," Choi added.

 

About Jerash Holdings (US), Inc.
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as Calvin Klein, Tommy Hilfiger, DKNY, and Guess), American Eagle, and Skechers. Jerash's existing production facilities comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.

CONTACT:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980
jlin@pondel.com

SOURCE: Jerash Holdings (US), Inc.

View the original press release on ACCESS Newswire

FAQ

What is the size of Jerash Holdings' new order with Hansoll Textile?

The order consists of more than three million pairs of girls' shorts, representing one of the largest initial orders in Jerash's history.

When will JRSH begin production of the new order?

Jerash will begin production in August 2025, with delivery scheduled for the third and fourth quarters of 2025.

What are the advantages of Jerash's manufacturing location in Jordan?

Jerash benefits from Jordan's free trade agreements with the EU, UK, and Canada, as well as favorable tariff treatment from the US.

How will this order impact JRSH's operational capacity?

The order will keep Jerash operating at full capacity through the end of December 2025.

What type of delivery terms are included in JRSH's new order?

The order will be delivered on an FOB (free-on-board) basis, allowing Jerash to attain standard margins compared to traditional contract manufacturing.