,000 Suits Perfectly Fit South Korea’s Upper Class
If you frequent YouTube, you might notice the number-one video is from South Korean pop star PSY (he of “Gangnam Style” fame), showcasing South Korea as a cultural powerhouse and an economic force. And it would seem that almost every American has purchased at least one of the quality creations coming out of this Asian country—everything from Samsung cell phones and flat screens, to Hyundai or Kia cars.
In addition to being one of the top-five car brands worldwide (it produced more than 7.5 million vehicles in 2013), Hyundai has a lesser-known corporate branch serving South Korea’s new millionaires and billionaires the finest clothing from around the world through its upscale department stores in Korea.
One example is the Kiton suits that the new Korean upper classes are wearing. Handmade in Italy and distributed by Premiere Opportunities Group (OTCQB: PPBL) throughout Asia, the suits are being prominently displayed in 10-foot-high glass cases in Hyundai’s key department stores. Hyundai and Lotte stores merchandise the luxury brands from Premiere Opportunities Group (www.PremiereOpportunities.com), including Kiton, Brunello Cuccinelli, Jones NY, and Premiere’s own U.S.-made brands like CABE Designer Apparel (www.CabeStudio.com), CynLuca Swimwear (www.CynandLuca.com), and Avani Activewear (www.AvaniClothing.com), to a growing class of prosperous, fashion-conscious Asian customers.
As an example of just how far South Korea has come from its humble beginnings, Forbes’ list of the top-50 richest South Koreans shows that the small country (there are 50 million people in-state) has a per capita income on par with the U.S. in purchasing power at about K, and has quickly moved to the forefront in regional per capita income growth. Although South Korea clearly has an appetite for ,000 suits from Kiton, the Italian fashion house’s worldwide production is limited to just 20,000 suits per year.
Premiere, soon to be known as Global Fashion Group, is about to establish a footprint in China, the wealthiest and largest economy in Southeast Asia through the relationships it has with other department store chains in the country. With only so many Kiton suits to adorn its stores, Premiere’s other lines will soon be marketed to similarly well-heeled consumers in Mainland China and the rest of Southeast Asia.
Premiere Opportunities Group, Inc. is currently trading as a penny stock but has the potential to see a sizable appreciation over the next few years because of its dynamic leadership and expected growth in top-line revenue and bottom-line profit.
Potential investors should confer with their investment advisors, accountants and attorneys before risking their funds. Learn more about the company at www.PremiereOpportunities.com.