U-Right
| Company type | Public company (former) |
|---|---|
| Industry | Garment distribution and retail |
| Founded | 1983 |
| Founder | Leung Ngok |
| Defunct | 2008 |
| Fate | Liquidation due to unpaid debts |
| Headquarters | Hong Kong , Hong Kong |
Area served | Mainland China, Hong Kong, Saudi Arabia |
Key people | Leung Ngok (Chairman until 2008) |
| Products | Casual apparel under U-Right label, nano-coated clothing |
Number of employees | 160 (dismissed in 2008) |
U-Right International Holdings Limited () (), commonly known as U-Right (), was a garment distributor and retailer headquartered in Hong Kong, focusing on casual apparel for both men and women under the U-Right label. The company managed retail stores and distribution networks mainly across Mainland China, Hong Kong, and Saudi Arabia. It utilized Swedish Texcote technology, a nano-technology-based fabric treatment process, and operated manufacturing plants located in Shunde and Shenzhen, Guangdong to produce its nano-enhanced clothing lines.
History
Established in 1983 by Mr. Leung Ngok, who held the chairman position until 2008, U-Right secured the rights to Texcote technology developed by Swedish researchers. This innovative textile treatment provided water repellency, resistance to dirt, and was environmentally sustainable. Its subsidiary, U-Right Nano Textile (China) Ltd., manufactured Texcote-treated garments for various apparel brands. Introduced in 2002, the nano-coating technique raised production expenses by a mere 3% while increasing profit margins by half. By 2003, U-Right experienced substantial profit improvements credited to its nano-coated apparel and committed $50 million towards establishing a new nano-technology manufacturing facility in mainland China to scale up output. By 2006, the company had the capability to apply nano-coating to one million garments monthly.
From 2005 through 2007, U-Right pursued rapid expansion: the number of stores in Hong Kong surged from 18 to 65; in Mainland China, it operated 40 outlets plus 360 franchise locations. The company broadened its retail offerings with Sevendays (four stores) aimed at premium fashion consumers and Pezzx (two stores) targeting the luxury fashion segment. In 2007, U-Right also started selling third-party brands alongside its proprietary products.
In 2008, Deutsche Bank initiated liquidation proceedings against U-Right due to unpaid debts totaling HK$1.3 billion. Provisional liquidators assumed control of operations; retail shops were shut down and 160 staff members were dismissed. The Hong Kong High Court subsequently declared former chairman Leung Ngok bankrupt. Trading of U-Right’s shares remains suspended until further updates are provided.