LONDON (Thomson Financial) - Garment designer Hardy Amies PLC said it has
signed new license agreements with ten Japanese operators for three years
providing at least 850,000 stg in sales income per annum, at current exchange
rates.
The company said it has opened its first UK store outside Savile Row, in
Edinburgh, to sell its menswear range.
Hardy Amies said it has entered into a joint venture with Aussino Group Ltd,
an established retailer in the Asia Pacific region, to develop retail outlets
for the company in China, and to help establish Hardy Amies as a luxury brand in
China.
The company will provide capital investment of 0.5 mln stg in the joint
venture, which is matched by Aussino Group Ltd.
"The plan envisages the opening of our first stores in China during 2008,"
the company said in a statement.
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