Hong Kong-based firm Luen Thai Holdings Ltd announced on Monday that they will now manufacture Coach handbags in their plants in the Philippines for export to the US and China.
Philippine Board of Investments Executive Director Lucita P. Reyes said they expect commercial operations to begin in the second quarter of next year. The new plant will hire 2,000 employees. Initially, the production will be limited to bags and wallets but Reyes said it is possible that Coach will also make shoes there.
(Source: philstar.com)