SPAIN: Sociedad Textil Lonia To Open First US Stores
Spanish fashion group Sociedad Textil Lonia has revealed a 30 per cent jump in year-on-year turnover for 2001 and unveiled plans to open shops in the US for its young Carolina Herrera label. The company, which employs 700 people and is based in the north west of Spain, will invest 10 million euros ($8.8m) in the venture and the expansion of its Purificacion Garcia brand.
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