South Korean apparel maker LG Fashion makes inroads into China
Write:
Skene [2011-05-20]
SEOUL, April 25 (Yonhap) -- LG Fashion Corp., a South Korean retail-apparel maker, said Wednesday it has signed an agreement with Chinese garment company Baoxiniao Group to sell casual dresses in the overcrowded apparel market.
Under the agreement, LG Fashion plans to open about 160 outlets in China by 2012 and targets annual sales of 73 billion won (US$79 million) from the world's most populous nation, the company said in a statement.