MUSI FURS - The Canadian Business Journal
Transcription
MUSI FURS - The Canadian Business Journal
JULY 2012 The Canadian Business Journal MUSI FURS www.musifurs.com 9 CB MANUFACTURING MUSI FURS Canadian Luxury for the World 2 4 MANUFACTURING Musi Furs The dazzling collections created by Musi Furs have earned recognition and appreciation worldwide for this Canadian designer and manufacturer of luxury fur garments and accessories. While the Canadian fur industry goes back as far as 1600’s and represents part of our heritage and one of the oldest trades in Canada, Musi Furs pushes the boundaries of fur fashion today, extending playfulness and sophistication to its customers worldwide. MUSI FURS PRODUCES the best quality fur apparel and accessories handcrafted by Canadian master furriers. Musi’s fresh and exciting designs demonstrate the unique vision of the head designer George Musi and his brothers Nicola and Musa. Musi views fur not only as functional fashion but as a medium for artistic fashion industry and the latest trends. In the expression in the collections that earn recogni- past we fashioned garments mostly from bea- tion and appreciation worldwide year after year. ver, but today we make more sable, mink and These handcrafted products made of sheared chinchilla coats. The reason for this is that beaver, fox, chinchilla and mink, and dyed in a beaver coats were designed for the middle myriad of colors, offer elegant and cutting-edge class America, but with the changing markets fur fashion designs. we want to focus on the production of modern, Musi reflected on fur fashion, “People expect that the fur coat producers would be sticking to the traditions, producing the same old-fashioned garments, but it is not so. We closely follow the high-end products for high-end customers, increasing the quality rather than quantity.” To stay at the forefront of fashion trends and the industry, the company works with fashion JULY 2012 The Canadian Business Journal 5 colleges, working with students and implement- the fashion industry in Paris. Fashion is a craft ing their ideas into designs, while staying on but it’s also an art, so to develop a new style can top of changes in the fashion industry. Musi, take weeks, and it still may not work in the end; who designs but also works on producing the on the other hand, sometimes the ideas develop garments himself, told us, “For example, if very quickly and the end result is spectacular.” the customers see that our colours match the colours that are currently in styles coming from Labeled Canadian Europe or New York, they know that we and our The company garments carry the red and gold products follow the trends, and these customers label of the Beautifully Canadian — Certificate of will most likely return. To maintain our edge, we Authenticity program which includes information receive the seasonal style colours directly from about the origin of the fur, when it was made, 6 MANUFACTURING Musi Furs who designed it and which certifies that the gar- the young, up-and-coming Asian entrepreneurs, ment is made in Canada. About this Canadian the Canadian label on a fur coat is like buying prestige image in the fur industry Musi said, a pair of Italian shoes, a Swiss-made watch or “As we continue to refocus our business onto Russian caviar. The same applies to visitors to the export markets, we see that the “Made in Canada who visit our plant — they want to take Canada” label is extremely important. Canada home furs made in Canada as they represent was built on the fur industry and Canada is a luxury. Fur coats are also important in various major player in the global industry today. For cultural contexts. For example in northern China JULY 2012 The Canadian Business Journal 7 fur coats are given to the bride-to-be, and “Made in Canada” is considered the best. This is why we want to represent the Canadian fur industry in this Chinese market.” Fur Trade In 2009, 94 per cent of Musi Furs business was in the U.S. and the rest in Canada; today the U.S. shares has dropped to 72 per cent, with China taking eight per cent and Japan at 12 per cent. This is partially due to the company refocusing its production on the high-end market. This refocusing also affected the company production — dropping by 60 per cent, while the company remains at the same profit levels. The company produces around 1,000 units per year, and the production intensiveness varies de- trade continues to open, the company is mak- pending on the product quality. While the aver- ing strides into these new growing markets for age price per unit is around $5,000 to $8,000, luxury products, and these Beautifully Canadian the company also produces high-end luxury products can be found at the finest boutiques sable coats that retail for up to $75,000. around the world. CB Russia, China, Korea, and Japan represent the largest markets for the high-end fur products and the company deals mainly with the local trading houses that supply these markets. However, while ‘Asia’ is the buzz word in the fur industry, Musi Furs remains true to its Canadian roots and originality despite offers to reproduce Musi garments in China. As the global fur WWW.MUSIFURS.COM 8 MANUFACTURING Musi Furs AS SEEN IN THE JULY 2012 ISSUE OF THE CANADIAN BUSINESS JOURNAL