Grupo Yes grows business from clothing brands

Grupo Yes, a Peruvian representative of exclusive clothing brands, posted a turnover in excess of US$10mil in 2007 and predicts a continuation of growth rates of 15% racked up consecutively over the last five years. The plan is to move into the social strata B and C and to open ten stores nationwide over the next three years, explains Tomas Vega, general director of Yes.

He adds that two new brands will be brought to Peru this year and states that the stores will open in Plaza San Miguel, Megaplaza, the new malls going up in Trujillo, Arequipa and Chiclayo, Jockey Plaza and the Parque el Golf de San Isidro (a project handled by Parque Arauco).

Grupo Yes represents the brands Hugo Boss, Givenchy and Trial as well as manufacturing clothing for Perry Ellis and Cacharel via outsourcing contracts. So far in 2008, Yes has invested US$30,000 in an airport store and US$200,000 in bringing Spanish brand Adolfo Dominguez to Peru.

Publication: SABI - Business News
Provider: South American Business Information
Date: May 2, 2008