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Liberty Plc aims to deliver a liberal dose of luxury to London's shoppers. The firm operates a high-end department store on London's Regent Street under the Liberty banner. The landmark Tudor revival style emporium offers fashion-forward men's and women's apparel, shoes and accessories, beauty products, home goods, and other sundries and services. About a third of its revenue is generated by Liberty Art Fabrics, which designs, makes, and distributes high-quality, avant-garde textiles. Founded in 1875 by Arthur Lasenby Liberty, the firm has had a historic relationship with Japan and objects from that area.

Lifestyle International Holdings Limited (the “Company” or “Lifestyle International” together with its subsidiaries, collectively the “Group”) is a Hong Kong-based retail operator that specializes in the operation of mid to upper-end department stores through its two retailer brand names, SOGO and Jiuguang, in Hong Kong and the PRC. The Group owns two SOGO stores in Hong Kong including the flagship store in Causeway Bay (“SOGO CWB”), the largest and leading department store in Hong Kong, as well as the Tsim Sha Tsui store (“SOGO TST”), which features a slightly different format that targets a younger group of customers. Our Shanghai Jiuguang Store was established with a similar business format to that of our flagship SOGO CWB, and has gained considerable popularity and become one of the most preferred shopping destinations in Shanghai since its grand opening in September 2004.

Lotte Shopping's department stores offer more than the usual shopping experience. The company is a leading retailer in South Korea with some 30 department and discount stores across the nation. It owns one of the largest retail chains in the country with facilities that are part of vast retail complexes that often include cinemas, shopping malls, hotels, theme parks, and wedding halls. It also has a store in Moscow (opened in 2007). In China, where Lotte Shopping is looking to grow, its 2009 purchase of Times Ltd., an operator of 65 hypermarkets and supermarkets in east China, boosted its retail presence there to about 75 stores. Lotte Shopping, which was established in 1979, is looking to grow overseas.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2009 sales of $23.5 billion. The company operates about 810 Macy’s department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as macys.com The Bloomingdale’s brand includes 40 stores in 12 states and bloomingdales.com. Macy’s, Inc.’s diverse workforce includes approximately 161,000 employees. Prior to June 1, 2007, Macy’s, Inc. was known as Federated Department Stores, Inc. The company’s shares are traded under the symbol “M” on the New York Stock Exchange.

Marks and Spencer Group plc, through its subsidiaries, engages in retailing clothing, food, and home products in the United Kingdom and internationally. It offers clothing, including womenswear, lingerie, menswear, school wear, and kids wear; flowers, gifts, cards and stationery, books, compact discs, and digital versatile discs (DVDs). The companys home and furniture products include bedroom furniture, beds and mattresses, cabinet furniture, conservatory and outdoor products, dining tables and chairs, and sofas and armchairs for living and dining rooms, kitchen, home offices, bedrooms, and bathrooms; and cookware, dinnerware, home accessories, household electricals, lighting, luggage, soft furnishings, storage products, and towels and bathmats. In addition, it sells TVs, blu-rays, and DVD players; home cinema products; hi-fi and radios;

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