Ka Wang Holding, parent company of Ka Wang Department Stores, has opened their newest store in Macau, next to the Sands Casino.
According to the company, it is expected to be one of the top producing stores in the chain. The Sands Casino of Macau was opened in 2004, becoming the first of the Western-operated Macau hotels and casinos. Since Macau is a duty-free port, shopping has become a popular attraction.
Ka Wang's designer label lines together with their custom tailored clothing will be featured. Also Ka Wang is preparing audited financials, and hopes to have them completed within the next 60-90 days.
Ka Wang Holding's main business is high-end designer clothing for men and women. Ka Wang carries many of the top brands and has joint ventured with the famous Italian design brand "Jagger" to be their sole agency in the Far East. They also have their own manufacturing factory where they design, research and develop their own clothing lines for wholesale and retail customers.
Ka Wang's 2006 sales reached US$80 million with net income exceeding 30%.