
Hoang Phuc International, a distributor of foreign fashion brands, said profits fell to almost a sixth last year from the previous year to VND1.9 billion (US$80,500).
For the first time the company issued bonds last year worth VND11 billion at an interest rate of 12.5%.Hoang Phuc, establ♐ished in 1989, specialized initially in men’s brands.In 2016-17 the company had nearly 100 stores selling around 10 international brands, including Dr. Martens and🐲 Replay.It now has 45 stores.Last year it added fashion products for women and child to its portfolio, and launched affordable products at prices as low as VND99,000.Source:
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