In previous statement to the public, OmniaLau, Inc. stated that the company is working hard to build a strong franchise in China and hopes to become the Chinese equivalent of Donna Karan or Liz Claiborne Inc (NYSE:LIZ). Back then the company had 154 retail stores across 29 provinces in China and planed to increase its retail stores to 264 by year-end 2008.
OmniaLuo, Inc. is on its way to reaching that goal as the company has opened two additional independent distributor stores in January of this year, bringing the total retail store count to 156. Both stores are located in Guangdong Province, one of the most affluent and fastest growing provinces in China.
“With each new store, we capture greater and greater market share in China’s $25 billion women’s apparel industry,” stated Cindy Luo, Chairwoman and Chief Executive Officer of OmniaLuo. “We will continue to target the rapidly growing class of urban and affluent female professionals as we execute our business strategy and create awareness for the OMNIALUO brand,” added Ms. Luo.
OmniaLuo, Inc. is a Chinese based company led by Cindy Luo, the company’s founder and award winning chief designer. The company engages in the business of designing, developing, marketing and distributing fine women’s apparel that embodies elegance, femininity and sophistication for China’s rapidly growing class of urban and affluent female professionals.
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