Sitoy Group, the Hong Kong based luxury handbag maker, says it will open a store inside the Venetian Macau.
The new store will carry its Tuscan’s branding and represents part of a broader expansion program into Greater China.
Retailing currently accounts for a mere 3.2 per cent of the company’s turnover and it believes expanding its direct to customer retailing initiatives will boost both sales and profitability.
Management of the company told a press conference this week it also planned to expand its Fashion & Joy retail banner through Mainland China and Hong Kong.
Sitoy, listed on the Hong Kong stock exchange, said the Macau store will start trading in December.