Inaugural CENTRESTAGE Concludes with 8,300 Buyers

September 21, 2016

Organised by Hong Kong Trade Development Council (HKTDC), the inaugural CENTRESTAGE concluded recently, with close to 8,300 buyers from 71 countries and regions attending the show, in which about 40% were from Asia – excluding Hong Kong.

CENTRESTAGE took place Sept. 7-10, at the Hong Kong Convention and Exhibition Centre (HKCEC), showcasing 200 fashion brands from 20 countries and regions. The four-day show also included seminars focused on fashion industry trends.

HKTDC Deputy Executive Director Benjamin Chau, commented, “CENTRESTAGE is an ideal promotion and launch platform for international, especially Asian, fashion brands and designer labels.”

He added, “We are pleased that the debut event has captured the attention of the Asian fashion industry, successfully attracting fashion brands and buyers keen on expanding their Asian business to come and promote, source and launch new collections and explore cooperation opportunities. And it provides a platform for local new designers to showcase creative designs to media and buyers in the region.”

Running concurrently with CENTRESTAGE, the 35th edition of the HKTDC Hong Kong Watch & Clock Fair attracted more than 20,000 buyers, a year-on-year increase of 2.4 percent.

Co-organised by HKTDC, Hong Kong Watch Manufacturers Association and The Federation of Hong Kong Watch Trades and Industries, the fair was held from 6th to 10th September.

The organisers reported buyer numbers from Asian markets posted strong growth as did buyers from Australia, Sweden. Russia, Canada, the U.S. and Iran.

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.