Leading apparel wholesaler Onward Kashiyama Co on Thursday revealed plans to develop its own brand of women's wear through an Italian wholly-owned subsidiary for sale around the world in 2003.

The company said its Italian subsidiary Gibo Co SpA will produce the new luxury Gibo fashion label for next year's Spring/Summer collections in Europe and the US, and for Fall/Winter in Japan.

It is targeting sales of $20.5 million for fiscal 2005 and sees the new line selling in more than 200 stores around the world.

Gibo was bought by Onward 12 years ago and produces apparel under licence for leading labels such as Donna Karan and Paul Smith.