MCM Philippines opens first store, at SM Mall of Asia
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The first MCM Philippines store has opened its doors, at the giant Mall of Asia complex in Metro Manila.
The German luxury leather accessories brand MCM Worldwide store is located inside the Luxe Duty-Free precinct in the mall.
The MCM Philippines boutique offers leather handbags, luggage and accessories and the store open featuring the Spring/Summer 2020 collection.
Vicente Pelagio Angala , COO, Duty-Free Philippines Corp (DFPC) said the opening of MCM complements the DFPC’s aim to always be the first Philippine retail brand to bring new luxury labels to the market.
MCM Worldwide is a leather luxury goods brand founded by Michael Cromer in 1976. The brand’s signature logo-printed material, called Cognac Visetos is being showcased on some of the products. It has a brass plate insignia that can be found on all the heritage collection bags and most of its products.
In 2005, the company was acquired by Sungjoo Group, a South Korean retail business founded by Kim Sung-joo.
Kim re-launched the brand in 2006 with a new store in Berlin and currently has 650 stores worldwide including in Hong Kong, New York, Toronto, Paris, London, Singapore, Tokyo, China and the Middle East.
Questions & Answers
Q.Where is the new MCM store located within the Mall of Asia complex?
Where is the new MCM store located within the Mall of Asia complex?
The MCM Philippines store is situated inside the Luxe Duty-Free precinct within the giant Mall of Asia complex in Metro Manila. It offers leather handbags, luggage and various accessories.
Q.What is the significance of MCM's opening for Duty-Free Philippines Corp (DFPC)?
What is the significance of MCM's opening for Duty-Free Philippines Corp (DFPC)?
The opening of MCM aligns with DFPC's objective to be the first Philippine retail brand to introduce new luxury labels to the market. This new store helps them achieve that aim.
Q.When did the Sungjoo Group acquire the MCM brand?
When did the Sungjoo Group acquire the MCM brand?
The Sungjoo Group, a South Korean retail business, acquired MCM in 2005. Following this acquisition, the brand was relaunched in 2006 with a new store opening in Berlin.
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