Japanese hosiery company, NAIGAI Co., Ltd, Wednesday announced the opening of its first independent retail outlet in Hong Kong.
NAIGAI's new retail outlet in Hong Kong will offer an array of high-quality and trendy hosiery consisting of both the company's signature labels as well as a few licensed international brands.
The new establishment in the city is a strategic step in the company's plan to launch full-scale retail operations in Asia. NAIGAI will use Hong Kong as the base to develop, support and oversee its regional business.
The company first established its business presence in Hong Kong in 1986 mainly to source, wholesale and retail hosiery products for ladies, men and children to third party retailers or through consignment counters.
President of Naigai Apparel (HK) Ltd Kenji Imaizumi said the new establishment is NAIGAI's first independent retail outlet and hosiery specialty store in Hong Kong. If business goes well, they will open more stores in the city.
"We believe Hong Kong is the ideal distribution hub to support our retail business in Asia," he added.
NAIGAI has plans for rapid expansion overseas. In addition to the retail outlet in Hong Kong, it will open four outlets in Chinese Mainland in the fall this year.
Founded in 1920, NAIGAI Co., Ltd is a Japanese listed company specializing in high-quality, comfortable and fashionable hosiery.
In addition to its Hong Kong subsidiary, Naigai Apparel (HK) Ltd, the parent company also has overseas offices in Shanghai, Qingdao, China's Taiwan and Thailand.