Armani, Diesel On Indian Shores
Giorgio Armani and Emporio Armani have lastly opened store in Mumbai. On Monday (Oct thirteen), the two shops were launched at the Emporio Mall in Delhi. In accordance with an article in DNR, the stores are managed by way of a joint enterprise between Armani and actual estate agency retail arm, DLF Retail Brands Pvt. Ltd.
John Hooks, commercial and advertising and marketing director of the Armani Group, said the corporate is “taking part in it fairly rigorously” because the nation is creating slowly. “We should be in [Mumbai], and we want to find the fitting location,” said Hooks, noting that actual property area has been one in every of the primary issues preventing an expansion in India.
“DLF has acquired some large plans for malls in Mumbai, and we’re also tempted by Bangalore,” said Hooks, noting that he had seen some locations ferragamo red belt there, however ultimately selected to not take them. “We need to get to know the nation, the market and the customers,” stated Hooks. “We have no preconceptions.”
Earlier this year, Cristiana Ruella, director of general affairs at Dolce & Gabbana, said the corporate had signed an agreement with DLF Group to safe spaces in the Emporio mall for that firm’s first boutiques in India. Salvatore Ferragamo SpA also said it plans to open 10 stores in India by 2013 — together with three this yr — after launching a joint venture with DLF. This year’s models are slated for brand spanking new Delhi, Bangalore and Mumbai. Ferragamo opened its first own-branded Indian retailer in 2006 on the Grand Hyatt Plaza Lodge in Mumbai. Gucci is planning its third Indian location at the Emporio mall this 12 months.
Diesel in 2009
In the meantime, Diesel can also be seeking to increase its enterprise within the east and plans to enter India in spring 2009. To take action, the Italian apparel firm has formed a joint venture with Reliance Manufacturers Ltd. controlled by Reliance Industries Ltd. Diesel will hold a 51 per cent stake in the partnership. Shops will initially open in Mumbai and Delhi, adopted by Bangalore, Hyderabad and Chandigarh.