Nearly 18,000 Buyers at Hong Kong Fashion Week

February 9, 2016

The 47th Hong Kong Fashion Week for Fall/Winter, organised by Hong Kong Trade Development Council (HKTDC), was held from 18th to 21st January at Hong Kong Convention and Exhibition Centre (HKCEC). The show featured over 1,500 exhibitions from 22 countries and regions. During the fair, around 30 supporting events were organised including fashion shows, industry seminars and networking events.

The four-day event attracted nearly 18,000 buyers. The organiser recorded a significant increase in buyers from emerging markets, such as India, Malaysia, the Philippines, Thailand and Vietnam. HKTDC organised 90 buying missions with more than 5,000 buyers from 42 countries and regions.

HKTDC also announced the launch of a brand new event, CENTRESTAGE, which will be held from 7th to 10th September 2016. The new event is the successor of the World Boutique Hong Kong, previously held in January. The show aims to showcase new fashion brands and designers, building Hong Kong’s reputation as a trendsetting fashion hub.

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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.