DESIGNER handbags made of leather are something that most women would love to have, especially a bag that matches their attire. However, the cost factor — having to dig deep into their reserves to purchase one — dashes their dreams.
Recognising the needs of women, 51-year-old Paul Loong went on a mission to make 100% genuine leather handbags affordable to everyone at their outlet Planet Leather.
Then, Paul and his family made a trip to China. They went to many shopping malls surveying for products and brought back some tosell. Deniece who had already graduated with a degree in Communication and a diploma in Marketing secured a booth in the flea market in Amcorp Mall.
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United Overseas Bank, Singapore's third largest lender, said it has teamed up with UK asset management company Hermes to set up a US$400 millionUS property fund.
UOB said a joint venture between the Singapore lender and HGF Investor Fund will team up with Hermes Real Estate Investment Management to set up the fund which will make long-term investments in commercial real-estate in the United States.
HGF Investor Fund is a unit of US -based Hampshire Real Estate Companies, which has more than $1 billion worth of equity under management and assets valued at over US$2.5 billion, according to a UOB filing to Singapore Exchange.
"The fund is targeting to raise US$400 million including the sponsors' commitments," she said adding that the fund plans to invest in commercial properties outside the central business district of US cities primarily in eastern United States.
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Sharon Paris designs and makes high-end fashion accessories that make a statement – literally.
Paris House handbags and wallets bear small quirky phrases inside and out, such as "I like to push your buttons" and "Shut up and get on with it".
Ms Paris began selling the leather accessories about five years ago and they can now be picked up in high-fashion and upmarket department stores around the world, including Harvey Nichols in Hong Kong, Liberty and Urban Outfitters in London, and Colette in Paris.
The wallets, which sell for $100 to $200, are made in China and the bags, costing $500 upwards, are made by a small family operation in Portugal. The company gets most of its leather from Italy and the rest from New Zealand.
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