China’s Kangnai Group plans overseas retail empire
Kangnai Group, one of China’s leading shoe makers, is planning an ambitious overseas expansion programme following the successful roll-out of its Paris and New York stores. The company already exports to more than 18 countries and achieved foreign sales of $5 million for the first six months of 2001 – more than the full-year figures for 2000. Now the plan is to set up more than 100 specialty stores outside China over the next 5 years.