SEOUL, KOREA – LG Fashion’s casual brand Hazzys launched into Taiwan, first among Korea’s fashion brands. In the last weekend at its headquarters in Seoul, Korea, LG Fashion signed an agreement with Taiwan’s Munsin Garment Group for exclusive sales of Hazzys in Taiwan.
Munsin Garment Group is a Taiwanese retail company that has been engaged in imports and sales of foreign brands such as Munsing Wear, Le coq Sportif, and Calvin Klein Golf. Munsin Garment Group runs as many as 300 retail shops in Taiwan.
After landing Hazzys stably in Taiwan through the local group, LG Fashion plans to expand the list of its export items further.
Hazzys launched into China in 2007 through a license contract with China’s Baoxiniao Group, one of China’s big three fashion companies. LG Fashion plans to use Taiwan as a stepping stone to expand its presence toward Southeast Asia.
*Article provided by The Korea Economic Daily