KARAN’S LAND: Donna Karan, working through its Tokyo-based Donna Karan Japan, is opening two directly managed stores in Tokyo in the next two weeks. A Japanese spokeswoman said Donna Karan Japan’s first directly managed shop under...
KARAN’S LAND: Donna Karan, working through its Tokyo-based Donna Karan Japan, is opening two directly managed stores in Tokyo in the next two weeks. A Japanese spokeswoman said Donna Karan Japan’s first directly managed shop under the DKNY Jeans name will open for business in Shibuya on Friday, to be followed by the launching of a Donna Karan New York shop in the plush Omotesando area of Tokyo on Sept. 20.
The two-story, 2,240-square-foot Donna Karan Jeans shop will carry women’s and men’s wear, bags, shoes, men’s underwear and accessories including belts, hats, mufflers and gloves, according to Donna Karan Japan.
Shibuya is one of the most popular places in Tokyo for young people. The Donna Karan New York shop, which will be a one-story, one-level store with 3,600 square feet of floor space, will offer five lines of merchandise — Donna Karan New York, comprising women’s and men’s ready-to-wear, bags, shoes and leather products; Donna Karan Black Cashmere, covering fragrances, body care products and candles; Donna Karan Intimates innerwear; Donna Karan Hosiery stockings, and Donna Karan Eyewear sunglasses and frames. — Tsukasa Furukawa
DICKSON BULLISH ON ASIA: Dickson Poon, group executive chairman of Dickson Concepts (International), said his company plans to invest up to $12.7 million, or HK$100 million, to open 59 shops in Asia by early next year. Dickson operates numerous luxury brands in Southeast Asia including Bulgari, Escada and Polo Ralph Lauren. The new stores will bring its total in the region to 438.
At a news conference detailing the company’s annual report, Poon said opening stores in the region now is timely. “Independent travelers from the Mainland will have a positive impact for local retailers, especially high-end ones, since prices are 30 to 50 percent higher for luxury goods in China [than in Hong Kong].” He was referring to a new policy in Hong Kong that will allow mainland visitors to enter the territory without joining a tour group.
Poon also said he was paid more than $894,000 (HK$7 million) for his work last year — the first time he has received a salary since he acquired a majority stake in the retailer in 1985. He currently controls 54 percent of Dickson Concepts through a trust.Dickson Concept sales for the year ended March 31 (which does not take SARS into account) rose 4 percent from a year earlier to about $313 million (HK$2.45 billion). — Constance Haisma-Kwok
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