Casual wear retail chain operator Glorious Sun Enterprises says it remains relatively immune from the negative effects of the Asian financial crisis as most of its outlets are in the mainland. Chairman Charles Yeung Chun-kam said that the company's expansion plans were proceeding ahead of schedule. He was speaking at the Chinese Chamber of Commerce's spring gathering yesterday, which was attended by Chief Executive Tung Chee-hwa and Financial Secretary Sir Donald Tsang Yam-kuen. Mr Yeung said by the end of next month, the company's Jeanswest retail chain would have 600 outlets in the mainland and Australia, 50 more than the original forecast of 550 contained in its listing prospectus. Mr Yeung said at this rate of expansion, the Jeanswest chain would be able to achieve its target of 1,000 outlets in 100 cities in the mainland in 2.5 years' time. He said Glorious Sun had cash on hand of $100 million. When added to retained profits and the proceeds from the sale of new shares last year when the company went public, it had sufficient funds to finance its development for the next two to three years. Meanwhile, fellow garment retailer Goldlion Holdings said it had begun negotiations with Italian fashion label Trussardi for the rights to manufacture products under the Italian's label. Chairman Tsang Hin-chi said the negotiations, if successful, would enable Goldlion to manufacture a wide range of Trussardi products to be sold worldwide. Since an agreement to distribute Trussardi products in the mainland was signed last August, Goldlion has opened a flagship store in the Garden Hotel in Guangzhou and has started distributing the products to a number of inner mainland cities.