Hembly International Holdings Limited and its subsidiaries is pleased to announce that, in addition to the Moschino flagship store in Shanghai, a new Moschino flagship store has been opened in Beijing to further expand on the company’s footprint in the PRC market.
This Moschino boutique, located at Beijing’s China Central Place (“CCP”), has about 1860 square feet (173 sq.m) of floor space to display the Moschino CheapandChic, Moschino Donna, Moschino Uomo and Moschino Jeans collections.
Mr. Ngok Yan Yu, Chairman of Hembly, said, “In order to capture the opportunity brought by Olympic 2008 which will bring people from different parts of China to Beijing, we are planning to open 4 flagship stores in the City this year. Meanwhile, the Company plans to open 30 Moschino shops in China within the next 5 years.”
“We believe the Mainland’s economy will continue to perform well and remain strong even after the Beijing Olympic Games in 2008, which would no doubt continue benefiting Hembly’s apparel-retailing business.” Mr. Ngok continued.