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Ready to wear: a Spanish clothing designer uses Mexico as a platform for international expansion.


Simplicity, sophistication so·phis·ti·cate  
v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates

v.tr.
1. To cause to become less natural, especially to make less naive and more worldly.

2.
, culture and modernity. Those are the four pillars Four Pillars may refer to:
  • Four Pillars of the Green Party
  • Four Pillars of Destiny, a Chinese component used in fortune telling.
  • Four Pillars of Transnistria are the basis of the declaration of independence of Transnistria, a separatist region in Moldova in Eastern
 on which rest the fashions of 60-year-old Robert Verino, one of Spain's most celebrated designers. Now, he's taking his style across the Atlantic. With a US$420,000 investment, Verino is open for business in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. .

His first stop was Mexico City Mexico City
 Spanish Ciudad de México

City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi
, where Verino opened a retail outlet retail outlet npunto de venta

retail outlet npoint m de vente

retail outlet retail n
 in the Liverpool de Perisur and another in the Santa Fe Santa Fe, city, Argentina
Santa Fe, city (1991 pop. 341,000), capital of Santa Fe prov., NE Argentina, a river port near the Paraná, with which it is connected by canal.
 and Insurgentes shopping centers, as well as a franchise outfit in the Antara Polanco Antara Polanco is a very exclusive Shopping Mall in Mexico City located in Avenida Ejercito Nacional and Calle Moliere

Some of the notables boutiques are: -Emporio Armani -Carolina Herrera -Armani Exchange -DKNY -Just Cavalli -Coach -Etro(Coming Soon) -Coach -Furla -Stuart Weitzman
 mall. To make his mark on the New World even deeper, Verino brought with him the pride of his cellar: Terra do Gargalo wines from his vineyard in his native Vaile de Monterrey, in Galicia.

Wines aside, Roberto Verino--his fashion line is known as RV--includes a profitable brand of clothing, perfumes, ceramics, sunglasses and accessories that brought in $97 million in 2005, $41 million of which came from his ready-to-wear clothing line.

RV's international expansion began with the Mexican investment and is now bound for Asia. But expanding doesn't necessarily mean becoming more popular. "Expanding means finding select locations in the world while keeping our work personalized. I'm trying to make luxury available," says Verino, who brings his lines to Asian and Latin American markets without resorting to cheap labor or supplies in either region. All design and production takes place in Europe, mainly in Italy, Spain and Portugal.

With 37 proprietary stores, 15 franchises and 58 points of sale in Spain's Corte Ingles This article is about an American supermarket chain. For a town in Gran Canaria, see Playa del Inglés.

Ingles (NYSE: IMKTA) is a regional supermarket chain based in Asheville, North Carolina, where Robert "Bob" Ingle opened the first store in Asheville, NC in
 shopping centers, Verino says his long-term goal is to compete on the level of Italy's Giorgio Armani This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using .
, which, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Verino, "is small enough not to lose its creativity but large enough for its creativity to be profitable."

Comparisons are already being made between Armani and Verino in European fashion circles. "Roberto Verino is a classic Spanish designer. His fashions are always simple yet elegant and comfortable, with a touch of sophistication," says Carmen Carmen

throws over lover for another. [Fr. Lit.: Carmen; Fr. Opera: Bizet, Carmen, Westerman, 189–190]

See : Faithlessness


Carmen

the cards repeatedly spell her death. [Fr.
 Olalla, fashion editor for In Style-Espana magazine. "If you were to compare him with an international fashion designer, it would have to be Armani, because in their respective countries, they are the ones that produce elegant yet minimalist styles, with black as the basic color."

Production will stay in Europe, and Verino will continue to personally design all clothing for his clients, mainly wealthy men and women. He will also stick with one line of clothing, based on the RV creed that Spain and Latin America are very similar and don't require new labels. "Our potential customers are people who travel to Spain often, are up to date on Spanish fashion and identify themselves with Roberto's concepts--original designs of excellent quality and priced competitively when compared with Italian and French brands of the same level," says Linda Heras, who is in charge of international expansion at RV.

RV expects each new retail outlet in Mexico City to generate up to $420,000 in sales during their first year of operations. "It's a start. We haven't got people into the habit of buying Roberto Verino brands. Despite that, sales are exceeding expectations," says Angel Dieguez, RV's general director.

Identity. Roberto Verino decided to come to Mexico after an in-depth market study. "The conclusion was that the Latin American market, where there are similarities in terms of culture and lifestyle, was an interesting choice for expansion. What really stood out was Mexico, a market that was attractive for both its size and the level of purchasing power Purchasing Power

1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase.

2.
 and development," Dieguez says. Positive market studies aside, Mexico became a top priority for RV's international expansion due to the presence of local partners, such as retailers Liverpool and Sordo Madaleno. "Through a franchising model, we took on part of the business risks, mainly with the product, while the local partner makes the investment in the establishments and their locations," says Dieguez.

Roberto Verino hopes to strike up business in other Latin American countries, although the company does not have any concrete plans to do so at the time. When it does come time to tap new markets, it will know how. "It would be a mistake to continue expanding abroad without local partners," Diegnez says, noting that Brazil, Argentina, Chile and Uruguay--Brazil especially--are countries where RV might end up next. "The main market is Sao Paulo, which has become one of the world's fashion capitals."
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Article Details
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Title Annotation:FASHION; Robert Verino
Author:Guilayn, Priscila
Publication:Latin Trade
Article Type:Thumbnail biography
Geographic Code:0LATI
Date:Jun 1, 2006
Words:723
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