DLF Could Purchase Ferragamo Franchise
The Italian ferragamo shoe size singapore brand’s unique franchise partner, Sports activities Station India, has determined to exit the enterprise and as an alternative focus on premium manufacturers reminiscent of Levi’s and Dockers.
Sources near the development confirmed that the franchise rights were being bought for approximately $3 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 sneakers, besides its vary of equipment corresponding to handbags, males’s ties and now even apparel.
It isn’t clear whether 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 wanting to carry luxurious brands to India at an individual level.
Pia Singh could not be contacted and DLF’s spokesperson declined comment on the matter.
Okay P Singh had earlier advised Business Normal that DLF was trying to partner world luxury brands – either through fairness stakes or by way of the franchise route.
DLF is presently growing the Emporio mall in the capital, which might be a one-cease store for all kinds of luxurious brands comparable to Armani, Versace, Louis Vuitton, Christian Dior, Dolce & Gabbana, Escada and Cartier. Sources stated DLF was additionally planning to develop one other Emporio mall in Mumbai.