Ka Wang expects wholesale revenue to double in 2007
04 Jul '07
1 min read
Ka Wang Holding Inc parent company of Ka Wang Department Stores, located in Southern China, announces that their wholesale manufacturing division is growing faster than anticipated and should reach $40,000,000 for 2007 compared to $22,000,000 for 2006.
The primary source of the wholesale revenues is for clothing manufactured for private label retailers. Mr. Mio Lok Tin, CEO of Ka Wang, said, "The future is very bright for the Company and expects that the increasing production requirements will continue through the fall and into next year."
Ka Wang Holding Inc parent company of Ka Wang Department Stores in Southern China, has been operating since 1980.
Their main business is high-end designer clothing for men and women. Ka Wang carries many of the top brands and has joint ventured with the famous Italian design brand "Jagger" to be their sole agency in the Far East.