salvatore ferragamo silk dress, Salvatore Ferragamo Wallets for Men – Farfetch
February 4, 2016
DLF May Buy Ferragamo Franchise
The Italian model’s unique franchise partner, Sports Station India, has determined to exit the enterprise and as an alternative concentrate on premium manufacturers such as Levi’s and Dockers.
Sources near the event confirmed that the franchise rights were being bought for approximately $3 million.
There is just one Ferragamo store in India in Mumbai, which opened in March 2006. Ferragamo is most well-known for its hand-made leather-based shoes, in addition to its vary of equipment equivalent to handbags, males’s ties and now even apparel.
It isn’t clear whether the franchise rights are being purchased by DLF or by the promoters. Sources say Pia Singh, the daughter of DLF promoter K P Singh, and her husband Timmy Sarna have been wanting to carry luxury manufacturers to India at a person degree.
Pia Singh could not be contacted and DLF’s spokesperson declined touch upon the matter.
K P Singh had earlier informed Business Commonplace that DLF was looking to partner world luxurious manufacturers – either by equity stakes or via the franchise route.
DLF is currently growing the Emporio mall in the capital, which can be a one-stop store for all kinds of luxurious brands reminiscent of Armani, Versace, Louis Vuitton, Christian Dior, Dolce & Gabbana, Escada and Cartier. Sources stated salvatore ferragamo silk dress DLF was also planning to develop one other Emporio mall in Mumbai.