Thursday, July 11th, 2019 - ACN Newswire Pte Ltd
|Latest fashion tech equips the industry for market expansion|
HONG KONG, July 11, 2019 - (ACN Newswire) - The 26th HKTDC Hong Kong Fashion Week for Spring/Summer, organised by the Hong Kong Trade Development Council (HKTDC), drew to a successful close today. Over 10,000 buyers from 73 countries and regions attended the four-day fair (8-11 July), with buyer attendance from ASEAN countries including Indonesia, the Philippines, Thailand, Vietnam as well as Japan and Russia, recording considerable growth. More than 10 fashion events, including international fashion parades, a buyer forum, a networking reception and luncheons, were held during the fair to generate business opportunities for industry professionals.
"The Sino-US trade dispute continues to stoke global economic uncertainty, affecting a broad range of sectors including the fashion industry," said Benjamin Chau, HKTDC Acting Executive Director. "The HKTDC has been helping Hong Kong companies handle the challenges resulting from the trade dispute by equipping them with up-to-date market information and through seminars. As part of Fashion Week, we organised various seminars covering topics such as fashion tech, fashion e-commerce strategies, and India's huge market potential. These events will enable SMEs to boost the quality of their products by helping them explore the use of new technologies, upgrade their sales channels, and seek out new business opportunities beyond the traditional European and US markets."
Various themed zones were set up at the fair to showcase the latest fashion collections from around the world. The Corporate Fashion and Uniforms zone returned alongside the Hong Kong Designers Uniform Design Showcase, presenting high-end fashion and designer collections. The HKTDC organised a total of 91 buying missions from 42 countries and regions to visit the latest Fashion Week, with more than 3,670 companies represented.
Slovakian buyer discovers quality suppliers
To create more purchasing opportunities for the industry, the HKTDC strives to raise the international presence at its fairs and sourcing platforms while encouraging more foreign buyers - especially major importers, department stores, chain stores and e-tailers from emerging markets - to purchase in Hong Kong. A buyer from Belt and Road country the Slovak Republic, Veronika Dragulova, Head of Product Department at United Fashion Group s.r.o., said this was her first visit to Hong Kong Fashion Week and she was pleased to discover quality brands and suppliers from Hong Kong, Thailand, Dongguan and Xiamen. "Further talks will be held and I will visit some of the companies' showrooms to see more designs. Our average orders for womenswear are around US$40,000-50,000 each, with initial orders in the US$10,000 range," she said.
Building a trading platform to explore new markets
Hong Kong Fashion Week offers a quality platform through which exhibitors can build their presence and explore new markets. Victor Wong, Manager, Practical Industrial (HK) Ltd, said: "We are promoting our fabrics to more customers through this trading platform and the response has been fairly good. Some buyers from countries such as Singapore, Thailand and Indonesia have made enquiries about our fabrics and uniforms and we will hold further talks with them to conclude business. Hong Kong Fashion Week offers a very good platform to extend our presence and explore new markets."
Hong Kong Fashion Week for Spring/Summer featured around 1,000 exhibitors from 12 countries and regions. The fourth edition of CENTRESTAGE, a platform for international, and especially Asian, fashion labels and designers to promote their brands and launch collections, will be held from 4 to 7 September 2019. Details will be announced soon. Please visit the fair website, www.centrestage.com.hk/, for more information.
Hong Kong Fashion Week for Spring/Summer: http://www.hktdc.com/hkfashionweekss/
For more comments from the exhibitors and buyers, please visit: http://tiny.cc/7lzj9y
Please download more photos from here. https://bit.ly/2G6ci5W
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.
Agnes Wat, Tel: +852 2584 4554, Email: [email protected]