Answers
FROM IDEAS TO SUCCESSFUL BUSINESS MODEL
Advisor:
Nguyen Thi Hong Trang
Managing Director
Quadrill & Vera International Ltd.
Timing:
The discussion is open from 22-07-2011 to 08-08-2011
The advisor answered on 05-08-2011
What are the key development phases of Vera as a brand? How is it different with what you thought when you first started?
I can see that Vera has become a well-known brand to most women in the urban areas in VN and its products are distributed nationwide through many professional shops.
Pages
- Nguyen Thi Hong Trang1312538976
2001: joint venture company founded. Our partner is the leading lingerie manufacturer in Japan with more than 40 years of experience with very advanced technology. We also set up our official retail distribution chain nationwide this year.
2003: Vera was among the strongest lingerie brands in VN, certified by the Vietnam Association of Garment & Textile.
2006: One of 10 most impressive marketing events of the year, selected by Marketing magazine, in which Vera is the only domestic brand.
2007: reach the numbers of 50 boutique shops and 200 wholesale shops all over the country
2009: changed the brand identity, leverage Vera brand name to a new level. We started to develop distribution channels outside the country.
Now, VERA’s business strategy is developing for the global market in next three years
At the very first phase of our development, we could only think of developing a chain of shops nationwide and dream of Vera as the leading brand name in the market. Luckily, our dream has been on the way coming true..
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