Armani, Diesel On Indian Shores
Giorgio Armani and Emporio Armani have finally opened store in Mumbai. On Monday (Oct 13), the 2 stores had been launched at the Emporio Mall in Delhi. Based on an article in DNR, the shops are managed through a joint venture between Armani and real property firm retail arm, DLF Retail Manufacturers Pvt. Ltd.
John Hooks, commercial and marketing director of the Armani Group, stated the corporate is ferragamo shoes vara pump “playing it fairly carefully” because the country is growing slowly. “We need to be in [Mumbai], and we’d like to search out the suitable location,” said Hooks, noting that real property house has been one of the primary points preventing an enlargement in India.
“DLF has got some massive plans for malls in Mumbai, and we are also tempted by Bangalore,” mentioned Hooks, noting that he had seen some areas there, however ultimately chose not to take them. “We need to get to know the country, the market and the customers,” mentioned Hooks. “We don’t have any preconceptions.”
Earlier this 12 months, Cristiana Ruella, director of basic affairs at Dolce & Gabbana, mentioned the company 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 stated it plans to open 10 shops in India by 2013 — together with three this yr — after launching a joint venture with DLF. This year’s models are slated for brand 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 yr.
Diesel in 2009
In the meantime, Diesel can also be looking to increase its business in the east and plans to enter India in spring 2009. To do so, the Italian apparel company has formed a joint venture with Reliance Manufacturers Ltd. controlled by Reliance Industries Ltd. Diesel will hold a fifty one per cent stake in the partnership. Stores will initially open in Mumbai and Delhi, followed by Bangalore, Hyderabad and Chandigarh.