New York and Hong Kong--Media OutReach--15 May, 2013-- New York-based fashion brand alice + olivia by Stacey Bendet and Asia's leading retail, brand management and distribution company ImagineX Group announced today an exclusive strategic partnership to develop the brand in Greater China and Southeast Asia through the opening of 23 points of sale over the next five years.
ImagineX will commence the rollout with the first free-standing alice + olivia store in Hong Kong's International Financial Centre (ifc) in June with more stores in Hong Kong, mainland China, Macau, Taiwan and Singapore to follow.
alice + olivia was launched in 2002 and has since grown to more than 800 points of sale in more than 50 countries. The brand first entered Greater China through a wholesale relationship with ImagineX's sister company, the iconic, luxury department store Lane Crawford, in 2008 and has been one of the best performing contemporary brands in its stores in Hong Kong and China. The China retail rollout is a significant driver in an international expansion plan.
Stacey Bendet, CEO and Creative Director, alice + olivia says: "China is the most exciting area to me right now! It's amazing for me to have the opportunity to introduce the world of alice + olivia to a culture and woman that I have been fascinated by and admired for a long time. It's like being able to introduce yourself to someone you've always wanted to meet."
alice + olivia President, Deanna Berkeley added: "As our brand continues its global expansion, we're thrilled to announce a strategic partnership with ImagineX, a leader in the Asian market and an expert in brand development. The partnership with ImagineX provides an ideal platform to build on our current success within Asia. The fashion savvy generation emerging out of Greater China is seeking new ways to express their individuality, and ImagineX's wealth of expertise is the perfect vehicle to bring our brand's unique vision and fresh sensibility to this consumer. We anticipate the ImagineX partnership will account for up to 20% of our international business within the next 5 years."
ImagineX was the first to market with luxury brands in China in 1992, and has spent the past five years building a new generation designer and contemporary fashion business to complement its luxury and lifestyle business to realise the opportunity in the fast-growing affluent middle class that aspires to international fashion.
ImagineX's Vice Chairman & CEO Balbina Wong says, "alice and olivia is a rising star internationally and we're excited to be bringing a new generation designer to a new generation of fashion customers, at a time when they can grow together.
The brand has enormous potential in this market. It is feminine and at the same time eclectic; it has personality and a lifestyle, and it is accessible to the customer who wants to express herself through fashion. And alice + olivia's clear and consistent branding and iconic retail concept ensures that it is easily remembered, which is crucial in an incredibly fast and competitive market such as China," Ms Wong added.
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ImagineX Group
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alice + olivia by Stacey Bendet
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ABOUT ALICE AND OLIVIA BY STACEY BENDET: Launched in 2002, alice + olivia by Stacey Bendet is a sophisticated brand with a playful sensibility, which epitomizes the personality and style of its founder, Stacey Bendet. The brand was born from Stacey’s personal quest to create the perfect pair of pants, and has since grown into a full lifestyle collection including ready to wear, gowns, shoes and a newly launched collection of handbags. The brand is a Hollywood favorite with fans including Gwyneth Paltrow, Blake Lively, Drew Barrymore and Taylor Swift. alice + olivia by Stacey Bendet is available at the brand’s 12 free-standing boutiques in New York, California and Connecticut, at aliceandolivia.com, and at over 800 select department and specialty stores worldwide, including Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Lane Crawford, Isetan, Hankyu, Harvey Nichols and Harrods, as well as prominent web retailers including Net-a-Porter and Shopbop. ABOUT IMAGINEX: Founded in 1992, ImagineX Group is Asia’s leading retail, brand management and distribution company with unrivalled market coverage in Greater China. Building luxury, designer and premium contemporary fashion and lifestyle businesses with an entrepreneurial approach and the passion of a brand owner, ImagineX represents 19 brands, including Salvatore Ferragamo, Donna Karan, Marc Jacobs, Paul & Shark, Paul Smith, 3.1 Phillip Lim, Marc by Marc Jacobs, DKNY, Club Monaco, Juicy Couture, BCBGMAXAZRIA and alice + olivia. The portfolio also includes lifestyle brands such as Tumi, and beauty brands including Aveda, Jo Malone, Natura Bisse and Apivita. ImagineX currently operates around 450 points of sale across more than 700,000 square feet in more than 50 cities in China and South East Asia. The company forms part of The Lane Crawford Joyce Group, Asia’s premier fashion and brand management group, which also includes iconic, luxury department store Lane Crawford, cutting edge fashion boutique Joyce and fashion footwear, handbags and accessories specialist Pedder Group.
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