Ports Design Limited (Ports) is a vertically integrated, international fashion and luxury goods company with its own design, manufacturing, distribution and retail capabilities. The Company is primarily engaged in the design, manufacture and retail distribution of ladies’ and men’s fashion garments and the sales of accessories, such as shoes, handbags, scarves and fragrances in the People’s Republic of China, Hong Kong and Macau, under the brand names Ports International, Ports 1961, BMW Lifestyle, Armani Collezioni , Armani Jeans, Versace, Ferrari and Vivienne Tam. The Company operates in two segments: Retail and OEM. The Retail segment primarily derives revenue from retail sales in the People’s Republic of China. The products are either sourced externally or are manufactured in Ports’ manufacturing facilities located in the People’s Republic of China. The OEM segment exports merchandise to retailers and customers in North America, Europe and Asia.
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