Tarsus Group Names Two Senior Management Members in Asia; Ups Stake in Shenzhen International Underwear Fair
May 6, 2018
U.K.-based Tarsus Group has taken steps to increase the pace of its growing presence in Asia by announcing the addition of two new members to its Asian senior management team.
At the same time, it has increased its ownership of the Shenzhen based joint venture Shenzhen Shengshi Jiuzhou Exhibition Co., Ltd.
Nino Gruettke will be joining Tarsus in early July as CEO of Tarsus Asia based in Singapore.
Gruettke will be responsible for Tarsus overall strategy throughout the Asian region, including its Joint Venture businesses in Southeast Asia and its business in China.
Gruettke brings a wealth of Asian industry experience having previously served as Managing Director of VNU Exhibitions Asia Pacific and headed up Messe Berlin’s operations in Singapore.
John Liu also has joined the Group as CEO Tarsus China based in Shanghai. John has extensive experience of General Management and M&A having been based in Shanghai since 2003 and before that in the United States.
Liu takes over responsibility for Tarsus own operations in Shangha,i as well as its five joint venture businesses throughout China.
In April Tarsus also increased its stake in its joint venture business Shenzhen Jiuzhou Exhibition Company Ltd. to 75 percent.
The business organizes the Shenzhen International Underwear Fair (SIUF). SIUF is China’s largest fair for intimate apparel and is held annually in Shenzhen.
Commenting on the moves, Tarsus Group Managing Director Douglas Emslie said, “We are delighted to welcome both Nino and John. Their combined experience will help the Group meet its ambitious goals in Asia. At the same time, we are delighted to have increased our share in SIUF to 75% which enables us to assume full management control of the business”.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
Add new comment