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May 13, 2011
Foreign luxury brands are seeking Hong Kong stock market listings to boost their profile among China fast-growing affluent class, especially those from the mainland, Informatjimmy choo handbagsion Times reported. Following in the footsteps of French skin care firm L ccitane, which started an initial public offering (IPO) in Hong Kong last May, Italian fashion house Prada announced its plan to go public in Hong Kong by the end of June or in early July. British luxury shoemaker Jimmy Choo, US upscale handbag and accessories maker Coach Inc, apayless shoes usand luggage firm Samsonite are all reported to be planning Hong Kong share listings this year.
According to “Information Times” reported, began competing for foreign luxury brands listed on the Hong Kong market, like this as a platform to attract wealthy class in China rising fast, especially from the mainland of the rich. Following last year French cosmetic brand L ccitane May listed in Hong Kong after a few days ago, the famous Italian luxury brand Prada announced the end of June or early July this year, listed in Hong Kong. In addition, the British luxury brands Jimmy Choo shoes, handbags and accessories production and senijimmy choo bridalor U.S. vendors Coates, and luggage manufacturer Samsonite, said the plans are listed in Hong Kong this year.