US luxury retail giants enter China with power merchants ' charm

Niman Margo Group and the charm benefit cooperation

Washington (reporter Liu Nio) Recently, the United States top luxury retail giant Niman Margo Group president and http://www.aliyun.com/zixun/aggregation/32086.html "> CEO Karen Katz revealed to this reporter, The company's Niman Margo strategic investment in the charismatic Hong Kong Holdings Limited, an E-commerce company, was the first foray into the fast-growing Chinese luxury retail market. Karen Katz has revealed that Niman Margo Group will launch its E-commerce site in China by the end of 2012, through charismatic benefits Holdings Limited.

The reporter learned that the Niman Margo Group will invest 28 million of dollars in the charm benefits Holdings Limited, to promote the charm of the existing limited sales in Asia growth, and establish a new brand of E-commerce business. Two companies will integrate the existing workforce and form a new team to take charge of the development, establishment and management of the new website.

On the price of products that consumers are most concerned about, Karen Katz says the price of each major brand on its line will be synchronized with the international market.