A COMPANY which owes its namesake to Scarborough has set up a join ventures in China.
Scarborough Group has joined forces with state-owned AViC international Shenzhen (AViC) to create ScarVic Retail Management.
The new firm is designed to be a ‘one-stop shop’ for British and European brand retailers looking to set up in China as its economy continues to boom.
Scarborough Group turns over £80 million, and has grown to become one of Yorkshire’s best-known property companies since it was set up by Kevin McCabe in Scarborough in 1980.
Today it has interests across Britain, including in Scarborough, Leeds, and London, and in central Europe as well as in Australia, India and China.
The new venture will see it take fashion to Communist-ruled China, and it is already in negotiations with four prospective retailers from Britain and continental Europe
In recent years Mr McCabe has made significant advances in China, buying a football team and helping to broker at twinning deal between Shefﬁeld and Chinese city Chengdu.