Most Recent Articles In Financial
Latest Financial Articles
- Elizabeth Arden Inc. to Evaluate Tender Offer
- Rhône Capital to Add to Elizabeth Arden Stake
- Wall Street Eyeing Elizabeth Arden Game Plan
More Articles By
Bendon USA, the American division of New Zealand-based Bendon Ltd., was part of a cocktail party and panel discussion on Tuesday sponsored by the New Zealand Trade & Enterprises Beachheads Program and KEA New York, an independent network that brings together expatriates of New Zealand. The seminar, which was staged at the Saatchi & Saatchi building in Manhattan to promote "Kiwi" business in the U.S., was moderated by Kevin Roberts, worldwide chief executive officer of advertising agency Saatchi & Saatchi. Other New Zealand companies represented were Mead International/Artesian Mineral Water, Orion Health and Tait Radio Communications.
Ambassador Roy Ferguson of New Zealand told an audience of more than 100 that he felt bullish about the U.S. Trade Representative's announcement on Feb. 4 that the U.S. would join negotiations on financial services and investment with the Trans-Pacific Strategic Economic Partnership, which includes New Zealand, Singapore, Chile and Brunei.
"The strategy is accelerated free trade in the Asia-Pacific region, and one of New Zealand's goals is liberal trade between the U.S. and New Zealand," said Ferguson, adding New Zealand is "aggressively pursuing" apparel manufacturing for export trade with the U.S.
Bendon, a 60-year-old intimate apparel company with a strong origin in corsetry, was represented by Victoria Vandagriff, president of the U.S. operation that has had headquarters in New York since 2005. In addition to the Bendon brand, the company produces full-figure bras by Fayreform, and two designer licensees: Elle Macpherson Intimates, which was introduced to the U.S. market in 2005, and Stella McCartney lingerie, launched last year.
Vandagriff gave advice on the cultural differences between American consumers and their international counterparts in terms of product and communication.
"Bendon is an iconic brand in New Zealand," she said. "It was a big deal when we launched the brand in the U.K. [in 2002], and our discussions this evening are on New Zealand companies that have launched successfully in the U.S. For me, the focus is on cultural differences. Many European companies come to the U.S. and find failure. They don't take into consideration how different the [U.S.] consumer is and how different her mind-set is."