Julius,
Sorry again for posting on China Premium Lifestyle CPLY on the wrong board.
Now that I'm in the right place, I was wondering if you were at all familiar with the company and if you had any thoughts?
With the wealth effect occuring in China, this company seems poised to do very well. Great management, good cap structure, relatively small float and profitable with huge year over year revenue growth.
If you look at some of the brands that have partnered with them like Ferrari, Maseratti, Agusta Westland helicopters, and Ferreti Yachts, it would seem to indicate those brands have great faith in the company and its ability to assist them in their growth.
Look forward to your or others thoughts. Here is yesterday's release for reference.
China Premium Lifestyle Enterprise, Inc. Unveils First RICHMOND Boutique in Hong Kong
Thursday March 6, 11:10 am ET
Company to Exclusively Distribute JOHN RICHMOND in Greater China
HONG KONG, March 6 /PRNewswire-FirstCall/ -- China Premium Lifestyle Enterprise, Inc. (OTC Bulletin Board: CPLY - News) today announced that, in celebration of the first launch in Hong Kong of the much-anticipated fashion label, JOHN RICHMOND, the brand has kicked off its launch campaign with the 'Grand Opening' of the first RICHMOND Boutique carrying the label's second line, Richmond X. The event was held at the RICHMOND Boutique, located in Hong Kong's fashionable "Harbour City" Shopping Complex, on the 24th of January, with the theme of 'Rock 'N Style' followed by a special fashion parade.
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Mr. John Richmond was born in England. He worked with internationally recognized brands like Emporio Armani, Joseph Tricot and Fiorucci before developing his own three collections: main line -- JOHN RICHMOND; casual line -- RICHMOND X; and denim line -- RICHMOND Denim. He is dedicated to fashion but also loves music. His creations, which fully reflect his passion for music and combine street art with glamour and fashion, quickly gained popularity amongst cult supporters and music lovers. In merely ten years, his brand has become one of the most recognized fashion brands in Europe.
Located inside Harbour City, a focal point for the retailing of upscale brands in Hong Kong, the new store mainly carries the RICHMOND-X label and is designed according to the brand's concept of turning British rock into fashion elements. Cool yet avant-garde, the store is decorated in a black tone with the pictures of famous rock stars as a collage-like feature wall. Apart from the Harbour City Boutique, the brand will also set up a JOHN RICHMOND flagship store in Causeway Bay, Hong Kong Island, this April. Mr. John Richmond will come to Hong Kong to inaugurate the store in person.
Mr. Richard Lee, Chairman and CEO of China Premium Lifestyle Enterprise, Inc. stated, "We're very pleased to play a strategic role in JOHN RICHMOND'S first launch in Hong Kong. China's apparel market is now the world's third largest -- behind only the United States and Japan -- and the fastest-growing in the "BRIC" countries: Brazil, Russia, India, and China. Up to seventy percent of apparel sales in urban China take place in a modern retail format, typically in department stores, though more specialized shops have recently begun to emerge. We look forward to assisting John Richmond in further solidifying his dynamic brand along with facilitating the continued growth of China Premium Lifestyle Enterprise, Inc."
About China Premium Lifestyle Enterprise, Inc.
China Premium Lifestyle Enterprise, Inc., through its 49%-owned entity, has established itself as a leading Ferrari and Maserati importer, distributor and dealer in Hong Kong and dealer in China, having been affiliated with Ferrari and Maserati since 1992 and 1994 respectively. The company is expanding its offerings to include other luxury brands and goods from around the world, such as the John Richmond fashion line from Italy, which the company markets to its already established customer base of high net worth Chinese individuals. |
