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| This photo shows a Thom Browne model using Samsung's Galaxy Z Flip. Courtesy of Samsung Electronics |
Luxury fashion brand Thom Browne will establish a new company in Korea, officials from Samsung CT said Friday, in a move to take stronger control of its business in the country.
Ermenegildo Zegna NV, an Italian fashion house that owns the brand, will establish a new company called Thom Browne Korea on July 1, it said.
Thom Browne will directly manage its business in Korea, with external support from Samsung CT in the distribution and management of 17 brand stores in the country.
Samsung CT, the trading and construction arm of Samsung Group, was the exclusive Korean distributor of Thom Browne for the past 12 years.
"The form of the contract may have changed (between Samsung CT and Thom Browne), but our partnership will remain unchanged," said an official from the Korean company.
The namesake brand known for tailored suits and its signature four stripes has been growing by double digits in sales every year since entering Korea in 2011, an official from Samsung CT said.
Samsung CT did not provide the exact figures, citing an industry practice. (Yonhap)
