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July 17, 2009

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Silk Street Market in need of new manager

SILK Street Market, one of Beijing's most popular clothing markets, is looking for a new general manager, as the former manager Wang Zili quit earlier this week, the company confirmed yesterday.

The company declined to disclose the whereabouts of former manager Wang, who has been reportedly involved in a lawsuit.

IntellectPro, a law firm headquartered in Beijing, filed the suit to the Xicheng District People's Court in February, demanding from Wang an apology and payment of 500,000 yuan (US$73,000) for defaming the firm by saying it collected fees from stall owners of the market to judge whether their goods infringed intellectual property right.

Yu Tanzhen, legal consultant of the share-holding company, declined to comment on the case, but said the Silk Street Market has been entangled in intellectual property right lawsuits since 2005, and strived to deal with counterfeiting problems.

"The Silk Street Market offered the job with a yearly pay of 500,000 yuan for the post," Yu said.

He said the salary may not be attractive for professional managers in Western firms, but it is considered fair for the same level in a Chinese firm.

"The market has embarked on a big renovation, which will see the closure of 248 stalls alleged to sell fake goods," said Yu. "Their places will be taken by tailor shops, children clothes stores and shops selling Chinese flavors and handicrafts."

The market unveiled its own brand, SILKSTREET, last year, and warned that anyone who tries to counterfeit that brand will be held liable.


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