China's largest leather shoemaker has put the swarovski crystal Christian Louboutin shoes on its own feet, deciding to sell footwear under its own brand after being a supplier to famous brands such as Prada and Timberland for more than a decade. Hong Kong-based Stella International Ltd, which exported 5 billion yuan (US$621 million) worth of shoes last year, plans to open 100 stores across China under the Stella Luna brand in three years. "We plan to invest 1 billion yuan to open the stores in China's major cities like Shanghai, Beijing, Chengdu and Chongqing," said Jimmy Chen, the firm's chairman, who opened its first store on Shanghai's Huaihai Road.
He added that the firm plans to have 30 stores this year alone. The company, Christian Louboutin bianca slingback is the original design manufacturer for LVMH Group, Paul Smith and other top luxury brands, said it also signed an agency deal with American fashion brand Guess pending its entry to the US market. "The partner will help us open stores in New York and San Francisco in two years," said Chen. "We will later expand our brand to Europe and other Asian markets including Japan."
China has become the top defendant in international trade frictions for 11 consecutive years.On March 8, shoe industry associations from Guangdong province, Quanzhou city in Fujian province and Wenzhou city in Zhejiang province, buy Christian Louboutin shoes together to voice their objections to EU anti-dumping lawsuits.It is a positive beginning that five enterprises have spoken on behalf of Chinese companies for the first time in Sino-EU trade negotiations, Wang Shichun said.