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February 5, 2016
DLF Might Purchase Ferragamo Franchise
The Italian brand’s original franchise companion, Sports activities Station India, has decided to exit the enterprise and as an alternative focus on premium brands similar to Levi’s and Dockers.
Sources ferragamo penny loafer brown sale close to the development confirmed that the franchise rights had been being purchased for approximately $three million.
There is just one Ferragamo retailer in India in Mumbai, which opened in March 2006. Ferragamo is most well-known for its hand-made leather-based footwear, in addition to its range of accessories similar to handbags, men’s ties and now even apparel.
It’s not clear whether or not the franchise rights are being purchased by DLF or by the promoters. Sources say Pia Singh, the daughter of DLF promoter Ok P Singh, and her husband Timmy Sarna have been wanting to carry luxury manufacturers to India at an individual degree.
Pia Singh couldn’t be contacted and DLF’s spokesperson declined comment on the matter.
K P Singh had earlier informed Business Normal that DLF was looking to partner international luxury brands – either by fairness stakes or through the franchise route.
DLF is presently growing the Emporio mall in the capital, which will probably be a one-cease shop for all sorts of luxury manufacturers akin to Armani, Versace, Louis Vuitton, Christian ferragamo penny loafer brown sale Dior, Dolce & Gabbana, Escada and Cartier. Sources mentioned DLF was additionally planning to develop another Emporio mall in Mumbai.