Premiere Opportunites Group is pleased to announce the closing of Joint Venture Agreement.
July 24 2013 - 9:00AM
Chris H. Giordano Premiere's Chairman stated We are pleased to
announce that we have formed a Joint Venture with Cabe Studio,
LLC. www.cabestudio.com . Cabe and Premiere
www.premiereopportunities.com will join forces whereby Cabe will
be providing the joint venture with the design, fitting and
manufacturing expertise and Premiere thru its apparel
division will supply the expertise in distributing the
Cabe line into SE Asia and China.
We formed this joint venture in order to take advantage of
the opportunity to meet the tastes and demands of the
extremely large and growing class of affluent people in Southeast
Asia and Mainland China and the finacial rewards that can go along
with it upon the success of such venue.
Cabe Studio was started in late 2010 by Ms Kathy Rego. Kathy's
professional career prior to Cabe Studio focused on the technical
portion of the industry where for 10 years she ran the fit and
design departments of one of America's largest fashion retailers,
Urban Outfitters, Inc (URBN: NASDAQ GB) overseeing
the brands Anthropologie, Freepeople and Urban Outfitters. Armed
with a personal mission to create classic garments that would have
superior fit, Kathy left corporate fashion in 2010 to launch Cabe
Studio LLC. This "Coture" brand is being met with success here in
the USA and is currently being sold in America's botique
stores.
Chris H. Giordano further stated "It is our quest to
leverage the value of this brand agressively and we will start
doing so by delivering the Cabe Studio line to The Lotte Department
Stores Ltd., Seoul, Korea
www.lotte.co.kr/eng/02_bussiness/circulation.jsp in the month of
October, 2013.
With this particluar opportunity we will own the space
inside the Lotte Department Store setting. Lotte is aggressively
developing department stores all over SE Asia and Mainland China
and represents a direct gateway into those markets for all of our
brands now and in the future.
Shopping at a Lotte Department Store is a buying experience that
is completely unique compared to a typical "mall day" here in the
United States. It is a virtual fantasy land for
the individual complete with all the creature comforts
any person could look for in a shopping experience. We
are extremely pleased by the opportunity to be so well received by
Lotte Department stores and their decision to put Cabe Limited
stores on the ground floor with other "Coture" brands. The foot
traffic in Lotte Department stores is stellar and being on the
first floor is a tribute to Kathy Rego's ability to identify trends
and to adapt her designs to key markets and create fashion
that suits those very opportunities.
This is a watershed development for Premiere and its goal of
becoming a leading supplier of "Made in the USA" suppliers of
fashion to the 500 million people in SE Asia and China that make
the middle and upper middle class that are buying made in the USA
products which represent quality and prestige in this exponentially
growing culture and demographic.
We are excited by the opportunity to work with Kathy Rego and
her team, in developing this opportunity to work inside the
Lotte Department Stores environment and bring this exciting
brand to the shoppers of SE Asia and Mainland China.
CONTACT: Chris H Giordano 973-390-0072
chris@premiereopportunities.com