Max Mara grows a size bigger in China
Updated: 2012-07-27 10:27
(Agencies)
|
|||||||||||
Italian fashion group Max Mara is speeding up its expansion in China, Fashion Trend Digest reported.
The group first entered the Chinese market thirty years ago with its first retail store. Max Mara now owns more than 300 stores in the Chinese mainland, Hong Kong andTaiwan.
By the end of 2012, the company plans to open twenty more stores countrywide.
Luigi Maramotti, the chairman of the Italian fashion brand, said that the biggest challenge is forecasting the outlook for its China business, which is set to grow by at least one new store a week over the next six months.
Maramotti said, "In China, growth has been always much bigger than we could ever predict. Basically, we could not catch up.”
He said Max Mara would focus on second and third-tier cities after it secured its market share in Beijing and Shanghai.
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |