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The Fargo Group was established in 1980 in Hong Kong and has evolved through the last 26 years into a diversified group of companies in the trading, manufacturing and distribution sectors.
Fargo initially started its operations as a traditional Hong Kong trading house with its primary activities focused on the export of Chinese manufactured goods to Europe. Although no longer a primary activity, except for Fargo Textile, our trading activities have been maintained. Our current activities are focused on a high value added component through each subsidiary companies' specific expertise which has been developed and refined through our history.
The significant industrial growth in China in the late eighties spurred Fargo into investing in the establishment of a sales and distribution channel in China under the banner of Fargo Marketing Services. This company was tasked with meeting the growing demand for western technology.
Additional investments through the early nineties saw Fargo establishing a distribution network for the telecoms sector in China, India and recently Vietnam. This far reaching distribution network has been developed through a close partnership over the past 10 years with Wavecom, a "leading company for pre-packaged wireless communication solutions" for automotive, industrial and mobile professional applications.
In the late nineties further investments were made with a specific focus on the distribution and retailing of luxury goods. This was in anticipation of the growth in demand for high end products from the Chinese elite . Today Fargo Development operates a dozen high profile stores. The group has recently sold its chain of Jacadi stores.
In 2004 Fargo embarked on its most recent investment, namely the manufacture of luxury furniture in China for the local and export market through Fargo Industrial. This co-incided with renewed focus on the sale of industrial components through our subsidiary Fargo Marketing Services in order to cater for an increasing demand for Chinese manufactured goods in the industrial sector worldwide.
The majority shareholders drive the Group through the head office based in Hong Kong and subsidiary offices in China , India, and Vietnam. The Group employs in excess of 300 people across four countries. |