French luxury handbag maker Longchamp is eyeing a huge expansion in China despite the country’s economic slowdown, its CEO said as the firm opened a new store in Hong Kong on Wednesday.
The 64-year-old family-owned brand, famous for its coloured fold-up nylon and leather totes, said it was optimistic about the Asian market, especially China, as European economies – its main markets – remain "unfavourable".
(Source: The Business Times )