Hong Kong—Coach Inc. is reportedly seeking approval from the Hong Kong stock exchange for a listing through an issue of Hong Kong depositary receipts (HDR), perhaps by the first week of November.
The New York-based handbag and accessories company is already listed on the New York Stock Exchange and is believed to be the first U.S. company to seek a second listing in the Hong Kong stock market.
Sales in China Could Reach $1 Billion
In June, Prada SpA launched its IPO on the Hong Kong market raising $2.5 billion. Samsonite International also listed in Hong Kong raising $1.25 billion in June. But Coach stated in May that while it seeks a listing of its shares on the Hong Kong Stock Exchange, the company doesn’t plan to raise extra capital via issuance of the HDRs since the double-listing is more about “marketing than finance.”
Nonetheless, a Hong Kong listing could go a long way in exposing the Coach brand in Asia and Greater China, the fastest growing market for luxurygoods.
Last month, Credit Suisse predicted that Coach would generate $1 billion, or 14% of total sales, from China by 2016. That’s compared with the $187.5 million, about 4.5% Coach earned from sales in its 66 Chinese locations this year.
J.P. Morgan Chase & Co. is handling the deal, according to a report in Dow Jones.
For commercial purposes, extract supplements can be obtained from the fruit of the pericarp. Garcinia cambogia reviews is performed by a physician Chen and Oz to prove that it is an herb for weight loss, a lot of research has been done. Studies, Garcinia cambogia extract supplementation decreases the weight of the body fat accumulation, was shown to have a positive effect on prevention. We are important substances such as cholesterol (LDL), reduces the serum leptin and triglycerides. In addition, it will increase the level of serotonin and cholesterol (HDL). The study also, Garcinia cambogia extract supplements, has proven that there are no significant adverse effects on many of the eight weeks, such as its use.