Home / Knowledge / News / Fashion / S Korean fashion brands expand overseas amid slump at home
S Korean fashion brands expand overseas amid slump at home
17
Oct '17
S Korean fashion brands expand overseas amid slump at home
South Korean fashion firms are keen on tapping into overseas markets due to a prolonged domestic slump. The domestic fashion market’s size is projected to reach 39.3 trillion won in 2017, which would mark the fourth consecutive year of single-digit growth for the industry, causing many industry watchers to perceive it as a sector slowdown.

Shinsegae International Inc., the apparel arm of retail giant Shinsegae currently runs 48 branches of the VOV womenswear brand, said it is planning to open three more stores in China this year. Along with G-CUT, which opened its ninth store in China in 2016, Shinsegae International wants to rack up 150 billion won in the neighbourhood market in 2020, according to a South Korean news agency report.

LF, the apparel affiliate of the LG Group, entered the European market in August by launching its brand HAZZYS in Paris-based concept store Colette. Handsome Corp., the apparel unit of Hyundai Department Store Group, opened stores for its casual brands SYSTEM and SYSTEM HOMME in Galeries Lafayette upmarket department store in Paris in February this year.

The fashion division of Samsung C&T Corp. is also trying to expand its presence abroad, opening branches in New York and Hong Kong. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search