Retail in Asia

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New fashion labels from Asia rapidly emerge on global stage

New fashion labels from Asia are rapidly emerging on the global stage as governments in the region bet on creative industries as new growth drivers.

"Asia is rising with a lot of young fashion talents and compared to overseas designers, they have a lot more support from the government," Singaporean designer Sabrina Goh told CNBC. "It’s a good advantage compared to other regions like the U.S."

Goh’s ‘Elohim’ brand was first launched in 2009 with USD12,000 of her own savings. After receiving a USD50,000 grant from government enterprise agency SPRING Singapore, she finally opened her own store two years later and got to participate in one of New York’s largest trade shows last year.

(Source: CNBC)