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DLF May Buy Ferragamo Franchise

The Italian model’s unique franchise partner, Sports Station India, has decided to exit the business and instead focus on premium brands reminiscent of Levi’s and Dockers.

Ferragamo DOrsay Pump BlackSources close to the development confirmed that the franchise rights have been being purchased for roughly $3 million.

There is only one Ferragamo retailer in India in Mumbai, which opened in March 2006. Ferragamo is most well-known for its hand-made leather shoes, apart from its range of accessories equivalent to handbags, men’s ties and now even apparel.

It is not clear whether or not the franchise rights are being bought by DLF or by the promoters. Sources say Pia Singh, the daughter of DLF promoter Okay P Singh, and her husband Timmy Sarna have been eager to convey luxurious brands to India at an individual stage.

Pia Singh could not be contacted and DLF’s spokesperson declined touch upon the matter.
Okay P Singh had earlier advised Enterprise Commonplace that DLF was seeking to associate international luxury brands – both by way of fairness stakes or ferruccio ferragamo biografia through the franchise route.

DLF is at present growing the Emporio mall in the capital, which will be a one-stop shop for all kinds of luxurious brands resembling Armani, Versace, Louis Vuitton, Christian Dior, Dolce & Gabbana, Escada and Cartier. Sources mentioned DLF was also planning to develop one other Emporio mall in Mumbai.

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