Premiere Opportunities Group, Inc. ( PPBL )
Premiere Opportunities Group is currently focusing their efforts in the apparel industry for women and men's clothing. The company is additionally working to establish a retail base of stores overseas in Korea and the People’s Republic of China (PRC). This is either through direct ownership or through joint ventures (JVs) for distribution into the Southeast Asian and Mainland China markets. Based in Totowa, New Jersey, Premiere Opportunities Group lists on the OTCQB.
The company previously announced that they formed a JV with Cabe Studio, LLC. Cabe Studio will be providing the JV with design, fitting, as well as manufacturing expertise. Premiere, by way of their apparel division, will supply the expertise in distributing the Cabe line into Southeast Asia and China.
Premiere Opportunities Group has a unique revenue sharing relationship with Lotte and Hyundai Department stores. This permits the company to exist in the two most prestigious department store environments in all of Southeast Asia and China. Premiere Opportunities Group announced in September of 2013 that, through their JV with Cabe Studio, they received an order worth approximately $900,000 from Hyundai Department Stores based in Seoul, Korea.
Premiere Opportunities Group’s goal is to establish six to ten JVs over the next year with "Western Brand" clothing design manufacturers that do not have the required relationships to establish their brand and line in Southeast Asia and Mainland China.
Recently, Premiere Opportunities Group announced that the company will be distributing the Kiton line of clothing in Korea, Mainland China, and Southeast Asia. Kiton is a luxury, bespoke clothing company launched in 1968. In 2013, Kiton produced approximately 20,000 suits. Kiton employs approximately 330 master tailors; most suits take approximately 25 hours of labor, with at least 45 tailors contributing to each one.
Premiere Opportunities Group also recently announced that they have been chosen as a distributor for the Brunello Cuccinelli line of clothing.
Chris Giordano, Premiere Opportunities Group’s Chairman stated "We are honored and extremely upbeat about being able to distribute this line of clothing into Korea, Mainland China and the balance of the SE Asian markets. SE Asia and Mainland China are both extremely fashion conscious people who demand the best, have the buying power and willing to spend it when they want something. The Brunello Cuccinelli Line is exactly the type of "uber fashion" that the upscale buyer in these markets are looking for in our opinion.”
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