As a confluence of technologies like NFTs, blockchain gaming, virtual and augmented realities, and digital fashion, the metaverse brings physical and digital worlds together. Metaverse innovation, particularly by using NFTs…

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HONG KONG, Jan 25, 2022 - (ACN Newswire) - Regina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.

Regina Miracle and Victoria's Secret have formed a joint venture ("JV") to operate all Victoria's Secret stores and the related online business in the People's Republic of China ("PRC"). Under the terms of the agreement, Regina Miracle will own 49% of the equity interest in the JV with a consideration of US$45 million in cash while Victoria's Secret will own the remaining 51% interest. The JV shall carry out the PRC business comprising designing, developing, manufacturing, marketing and sale of certain lingerie, intimate apparel as well as marketing and sale of personal care and beauty products under the agreed trademarks of Victoria's Secret in the PRC through its subsidiaries.

YY Hung, Chairman, CEO & Executive Director of Regina Miracle, said, "We are honored and excited to be elevating our long-standing partnership with Victoria's Secret through the formation of this joint venture in the promising China market. We are confident that our highly complementary strengths - Regina Miracle's industry-leading innovation capabilities and market foresights as an Innovative Design Manufacturer, and Victoria's Secret's undisputed brand leadership, retailing and marketing expertise - will perfectly position this partnership in capturing the growth opportunities and creating value for consumers in China."

Victoria's Secret CEO Martin Waters commented, "I am delighted to announce this partnership with Regina Miracle, who has been a valued merchandise supplier partner for more than twenty years. Together with Regina Miracle, we aim to grow the China business through joint investment in product development, distribution, and marketing. We expect the partnership will positively impact the speed and agility of the business to benefit consumers and provide us with a platform for a strong future in this important market. This JV with Regina Miracle in China completes a multi-year repositioning of the International business of the Company and we believe establishes a platform for accelerated sales and earnings growth in the market over the next several years."

About Regina Miracle International (Holdings) Limited
Regina Miracle International (Holdings) Limited (stock code: 2199), a global leader in the intimate wear manufacturing industry with a unique innovative design manufacturer ("IDM") business model, is engaged in the innovation, design and manufacturing of a diverse range of products, including mainly intimate wear, sports bra and apparel, consumer electronics components, and footwear. Committed to product innovations through proprietary craftsmanship revolutions, patented product and production technological breakthroughs, the company has acquired a number of competitive industry edges that have spearheaded its developments over the years into being a global industry leader. Today, Regina Miracle has two strategic strongholds - its R&D and production base in China, and a major production base in Vietnam, with a combined workforce of more than 46,000.

About Victoria's Secret & Co.
Victoria's Secret & Co. (NYSE: VSCO) is the world's largest intimates specialty retailer offering a wide assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, athleisure and swim, as well as award-winning prestige fragrances and body care. With nearly 1,400 retail stores worldwide and a predominately female workforce of more than 25,000, Victoria's Secret boasts the largest team of specialty trained bra fit experts worldwide. Victoria's Secret is committed to inspiring women around the world with products and experiences that uplift and champion them and their journey while creating lifelong relationships and advocating for positive change.


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comRegina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.

Blockchain technology has proven to be a source of innovation, at first via cryptocurrencies, and now through numerous and various applications. Considering the past two years witnessed the global crypto market cap exceeding $2 trillion, investments in the field have been abundant, fostering the emergence of new blockchain projects with ambitious goals.  Some of these...

The post These Blockchain Trends are Projected to Dominate 2022 appeared first on Cryptoverze.

Paris, France, 23rd January, 2022, Chainwire Sneakmart solidifies its position in the streetwear industry through a dedicated focus on non-fungible tokens (NFTs). Additionally, the launch of Metakicks, an NFT mystery sneakers box collection, adds a new dimension through limited-edition footwear with Web3 implications.  Sneakmart, the French startup-up with a mobile-first focus on streetwear, is at […]

Sneakmart, a French mobile application dedicated to streetwear, provides users with the opportunity to own virtual footwear through its Metakicks NFT mystery sneakers boxes. According to the team behind the project, Sneakmart seeks to disrupt the world of collectible and limited sneakers editions, allowing users to own the NFT and a chance to win a […]

Technology is advancing at lightning speed.

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It’s hard to pinpoint a moment or a movement in the history of the crypto industry that can quite compare to the popularity NFTs have seen last year.

The post The NFT sector defined the market last year with returns of nearly 8,000% appeared first on CryptoSlate.

Retail giant Walmart is planning to create its own cryptocurrency and collections of non-fungible tokens, filings with the U.S. Patent and Trademark Office shows. On December 30, the retailer filed for several trademarks, revealing plans to start selling virtual goods, including electronics, toys, appliances, sporting equipment, apparel, home decor, and more. In another separate filing, the company detailed the possible ‘physical fitness training services’ and ‘classes in the field of health and nutrition’ that could take place in augmented reality (AR) and virtual reality (VR) environments. Commenting on the development, Gerben Law Firm founder Josh Gerben told CNBC: “There’s a lot of language in these, which shows that there’s a lot of planning going on behind the scenes about how they’re going to address cryptocurrency, how they’re going to address the metaverse and the virtual world that appears to be coming or that’s already here.” In August 2021, Walmart posted a job listing for a cryptocurrency product specialist. Two months later, the company announced hosting Bitcoin ATMs across some of its stores in the United States. After Facebook rebranded itself to Meta and signaled an intention to foster into the metaverse, there has been a rush among major brands to enter the space with currencies, NFTs, or both. For instance, Nike last year sought a trademark on its downloadable virtual goods, including footwear, virtual sneakers, clothing, accessories, and retail store services featuring virtual goods. Another footwear giant Adidas too cashed out on NFTs and sold out it’s Into the Metaverse NFT collection for millions. Recently, clothing retailer Gap also announced offering NFTs for its hoodies.

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American multinational retailer Walmart might have been making silent moves about the metaverse, but as new CNBC report suggests, the company is also looking to create its own cryptocurrency as well as a collection of nonfungible tokens (NFT)s. Walmart Files 7 Applications With The U.S. Patent and Trademark Office As part of its efforts towards

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According to a recent trademark application, Crocs, the American shoe company based in Colorado may be delving into the world of non-fungible tokens (NFTs). Since 2004, Crocs has sold 300 million pairs of foam clog shoes and the application describes a protocol that can manage and store digital collectibles. Crocs Trademark Filing Describes ‘Downloadable Virtual […]

Crocs, the leading footwear brand is stepping into the world of non-fungible tokens (NFTs), according to a trademark application filed on January 11 with the United States Patent and Trademark Office (USPTO). The trademark filing requests the right to use the Crocs name on NFTs of ‘footwear, clothing, bags, accessories, and charms for decorating’ as well as the software needed to create and sell them. In fact, the application is marked for ‘Downloadable computer software for creating, managing, storing, accessing, sending, receiving, exchanging, validating and selling digital assets, digital collectibles, digital tokens and non-fungible tokens (NFTs).’ The filing indicates that the footwear brand is preparing to issue NFTs, according to a well-known crypto-intellectual property lawyer. Its counsel, WilmerHale, filed on an ‘intent-to-use’ basis, meaning Crocs has a bona fide intention to use it in commerce. This is not the first time a show brand is moving into digital wearables. In December 2021, Nike bought NFT collectibles startup RTFKT, a virtual shoe company that makes NFTs. Even Adidas scooped up $23 million in sales after its first NFT drop. NFTs could spell a lucrative new business for the publicly traded Crocs, which posted 67 percent revenue growth year over year in 2021. Executives initially spoke of the company’s digital focus in its Jan. 11 earnings call but made no mention of the metaverse. Founded in 1999, Crocs has a market cap of $7.4 billion. The shoe company sells its products in approximately 80 countries through wholesalers, retail stores, e-commerce sites, and third-party marketplaces.

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As the year comes to an end, the blockchain industry can appreciate the tremendous growth it has seen in the last twelve months and look forward to the endless possibilities in the coming year.  In 2021, blockchain and its technologies grew to $4.9 billion as the industry enjoyed a surge in mainstream adoption and found […]

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