Trinity, a menswear luxury goods group, slows shop opening
Trinity Group, a Hong Kong-based retailer of luxury branded menswear, has recently signed an agreement with British Heritage Brands to franchise its Kent & Curwen brand. British Heritage Brands is a company jointly founded by Hong Kong Li & Fung Group and American designer Tommy Hilfiger. The signing of this agreement means that Trinity Group can fully utilize Li & Fung Group's advantages in the US and European markets. Opened Kent & Curwen brand sales in key global markets.
Trinity Group, a subsidiary of Hong Kong Li & Fung Group, owns Kent & Curwen, Gieves & Hawkes, Cerruti and other brands, and is a licensed retailer of D'Urban, Intermezzo, Salvatore Ferragamo and other brands in the Asian market.
Trinity Group's net profit for the first half of the year was 34.2 million US dollars, while sales rose 13.4% over the same period to reach 176.1 million US dollars. The Groupâ€™s Director of Operations Sunny Wong said: â€œThis year's situation is completely different from last year. There are too many unknowns in the future. Therefore, we expect that the growth rate in the second half of the year may be the same as in the first half of the year because there is currently no significant recovery. sign."
Store sales in China rose by 5.9%, Hong Kong rose by 13.6%, but Taiwan dropped by 12.7%. This year, the Group expects to increase 30 stores, down from 50 in 2011. The increase in inventory and the increase in staff costs also allow the Group to find ways to take corresponding measures.
At the same time, Trinity Group will also search for various acquisition opportunities. It is expected that there will be new targets and trends next year.
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