Versace Plans To Expand Its IPO Market In Asia

LVMH and Kai Yun group, which have already released the first quarter earnings, have shown a weak trend in the first quarter.

And no earnings report has yet been released.

In an interview some time ago, the 2016 fiscal year will be a difficult year for the group.

However, due to the very good response to the Asian market layout in recent years, the Group expects to expand the Asian market in 2016 to stimulate higher growth.

It is reported that the main dependence

Versace, driven by growth, has led to a decline in European tourists due to persistent terrorist attacks, thereby affecting the growth of the group.

So, though the group is about to arrive.

Target value, but because of market instability, Versace will temporarily abandon the IPO plan.

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Although the fashion circle is dominated by many European and American brands, the trend of fashion is also dominated by the European and American departments. However, with the rise of local brand forces in the Asian market, Asian manufacturing has also become the choice of many young people, which greatly affects the status of the traditional fashion brands in Europe and the United States.

Fashion experts have found that high quality is no longer the trump card of luxury brands in Europe and America. The local production base, new fabrics and lower price regulated by Asian brands are attracting more consumers.

Data from lac Crawford show that sales of Korean brands and Asian brands are increasing year by year.

In addition to the recent Seoul luxury conference, Lian Crawford also said that the number of Chinese brands in the Department Store increased from 4 to more than 30, while the main buyers were overseas Chinese, with the age of 25 years old.

With the younger generation of fashion consumers, the demand for personalization is gradually increasing. As a brand made in Asia, due to the development time is not too long, it is more willing to contact new things, so no matter from design to fabric innovation, it is even more unexpected.

But will future Asian manufacturing become a benchmark for Europe and the United States? This still takes time to observe.

But the most important point is that consumers are no longer prejudiced against "made in Asia".