You recently made a purchase on the luxury side of the business Vilebrequin. Are you seeing that as a more stable clientele, the luxury clientele?
It's not as stable as one might think. It's stable seasonality. The price point of the swimwear at Vilebrequin is quite high. Retails are anywhere from $200 to $700 dollars. So, to say that it's stable and anybody can do it is really not true.
The international market is a fan of the brand. Today the Brazilian market is very actively buying it the Russian market...where there is affluence there is demand for the brand.
What is your outlook for 2013? Are you feeling optimistic? Are you concerned?
We're optimistic. We have many different areas of business. We have areas of business that support the needs of
and we have areas that go to
We believe that they are all important areas. We believe that this will be a good year for us and not necessarily a good year for the fashion industry or for consumer products.
We are a strong company that's able to produce the right product at right price and correct the path very quickly. We operate as a small company and we're not classified as a small company. That is an advantage.
--Written by Debra Borchardt in New York.
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