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February 3, 2016
DLF May Purchase Ferragamo Franchise
The Italian model’s original franchise accomplice, Sports activities Station India, has decided to exit the enterprise and as a substitute focus on premium manufacturers similar to Levi’s and find fake ferragamo belt Dockers.
Sources near the event confirmed that the franchise rights were 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 footwear, moreover its vary of equipment equivalent to handbags, men’s ties and now even apparel.
It isn’t 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 desirous to deliver luxury manufacturers to India at an individual degree.
Pia Singh could not be contacted and DLF’s spokesperson declined touch upon the matter.
K P Singh had earlier told Business Commonplace that DLF was seeking to accomplice international luxurious brands – either by means of fairness stakes or by way of the franchise route.
DLF is at present developing the Emporio mall in the capital, which shall be a one-cease store for all kinds of luxury manufacturers similar to Armani, Versace, Louis Vuitton, Christian Dior, Dolce & Gabbana, Escada and Cartier. Sources said DLF was also planning to develop another Emporio mall in Mumbai.