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BA, Economics, Fu Jen Catholic University, Taipei, Taiwan, 1970
MAcc, Utah State University, 1973
Achievement Award Recipient - 2008
Frank S. Yuan is now chairman and CEO of three companies: International Brand Management Consultants Corp. Inc., ASAP Global Sourcing Show and Cyber Merchant Exchange, Inc.
He has been chairman of International Brand Management Consultants Corp. (IBMC), which is also known as "IBMC China AG" since it was incorporated in Switzerland in September of 2007. Its goal is to open fashion brand franchise stores all over China.
IBMC holds 14 international brand master licenses and has opened 26 stores in China. IBMC plans to open multiple stores for each brand in China's retail market.
The ASAP Global Sourcing Show was the first textile and apparel trade show held in the United States. The trade show helps connect the United States apparel industry with overseas manufacturers. The ASAP Show is held twice a year in Las Vegas and now features hundreds of overseas manufacturers from more than ten countries. It is recognized within the industry as "the authority of apparel global sourcing."
In 2005, ASAP began organizing buying and trade missions. The first China buying trip in May 2005 had 90 buyers from U.S. and Europe. In November 2005, ASAP arranged a buying trip to Pakistan and Bangladesh. The company has already organized more than ten such trips that help buyers who need to evaluate factories firsthand before placing orders.
ASAP has also organized the Fashion International Trade Show (FITS) that is held in China. That company helps open the Chinese market to international companies. The easiest way to break into the China domestic market is for companies to license their brands to a local master licensee, franchisee or distributor.
Yuan founded Cyber Merchant Exchange ("C-Me") in 1996, during the height of the Internet boom to create a convenient business to business web portal to assist off-price apparel retailers who wanted to purchase stock lot goods overseas. C-Me successfully went public in 1999.
In 2003, C-Me was honored by Deloitte & Touche as the fifth fastest growing company in California and the 101st fastest growing company in the nation. ASAP was also recognized in 2004 by Deloitte & Touche as the third-fastest growing company in California and the 50th fastest growing company in the nation.
Yuan also established Frenchy's a retail clothing chain store, as well as two men's clothing lines, Knights of Round Table and Uniform Code. The annual volume of the respective clothing lines grew to more than $100 million a year.
Yuan is also the co-founder of United National Bank, EverTrust Bank, Western Cities Title Insurance Inc. and Serv-American National Title Insurance Inc.
He graduated with a Master in Accounting from Utah State University in 1973. He received his Bachelor of Arts degree with a major in economics from Fu Jen Catholic University in Taipei, Taiwan, in 1970.
The Shingo Prize
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