HONG KONG: Fashion Retailer Giordano Expands In China
Fashion retailer Giordano International Ltd on Thursday revealed plans to invest around $3 million over the next few years in the setting up of 50-100 new stores in mainland China. The Hong Kong-based company currently operates 461 stores in China which generate around 10 per cent of its profit, but it wants to boost that amount to 30 per cent by 2007.