×
314
Fashion Jobs
HALONIX TECHNOLOGIES
Area Sales Manager/Territory Manager - Institutional Sales
Permanent · Dehradun
GOKALDAS EXPORTS
Manager - Warehouse (Apparel / Garment Background)
Permanent · Bengaluru
ADIDAS
Director - Finance fp&a Fsf
Permanent · CHENNAI
ADIDAS
Manager Digital Analytics - Product
Permanent · GURUGRAM
ADIDAS
Senior Technology Consultant
Permanent · GURUGRAM
RJCUBE STAFFING SOLUTIONS
Production Manager - Upholstery (Leather & Fabrics) For Greater Noida
Permanent · Greater Noida
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments-Woven/Knits For Garments Buying House, Noida
Permanent · Noida
NIKE
Information Security Risk Analyst (Grc) – Cis
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS
qa/qc- Garments (Jersey, Etc) For Garments Buying House, Noida
Permanent · Noida
ZEN TECHNO ENGINEERING PVT LTD.
Production Manager
Permanent · Pune
ADIDAS
Manager Buying & Planning Operations
Permanent · GURUGRAM
ADIDAS
Product Owner Data Foundations
Permanent · GURUGRAM
ADIDAS
Senior Product Owner
Permanent · GURUGRAM
ADIDAS
Product Owner
Permanent · GURUGRAM
CROCS
Associate Demand Planner
Permanent ·
CROCS
HR Manager
Permanent ·
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
Published
Aug 27, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

La Rinascente pursues major international expansion

Published
Aug 27, 2013

La Rinascente has launched plans to expand overseas. “Our goal is to build a collection of department stores located in dynamic tourist and shopping areas in the heart of the world’s capitals and major international cities,” explained company vice president Vittorio Radice in an interview with the Italian economic weekly “Il Mondo.”

The Italian department stores are thus continuing the strategy envisioned by Central Retail Corporation (CRC), the Thai group that bought the brand in 2011. Controlled by the Chiathivat family, CRC is a leader in department stores and the retail sector in Southeast Asia.

Vittorio Radice


The idea isn’t to purchase other chains but rather to acquire “iconic symbols, historic department stores,” much as Liberty of London has done, and to restructure them, inspired by the example of La Rinascente Duomo in Milan. That store attracts 10 million visitors each year and represents nearly 60% of the brand’s total sales. La Rinascente, which has 11 department stores in Italy, reported 2012 revenues of 462 million euros, an increase of 5.7% compared with 2011.

The plan to go global started with the company’s relaunch of the Danish department store Illum, the historic company founded in Copenhagen in 1891, which was acquired by La Rinascente last March.

Restructuring and investment plans will be presented to the Danish authorities early this fall, with work scheduled to begin in 2014. “We will invest 10 million euros per year for five years, 50 million euros overall, which should enable us to double the revenues of this Danish department store from 100 to 200 million euros,” stated Vittorio Radice, who has been assigned by Thai company CRC to monitor La Rinascente’s international development activities.

Danish department store Illum


The Thai property company also envisions expansion in Asia, both in China, where CRC already has three stores, and in Southeast Asia. “An opening is scheduled for Jakarta, Indonesia, and in Vietnam we are studying the possibility of setting up in Hanoi or Ho Chi Minh City,” announced Vittorio Radice.

At the same time, the Italian brand is pursuing plans for development in the domestic market. In particular, it is targeting an expansion of its Milan offerings, opening a new youth-oriented fashion and lifestyle area complete with bar. In February 2015 a major flagship store is scheduled to open on Rome’s Via del Tritone, representing an investment of 200 million euros. And finally, La Rinascente hopes to enlarge its Florence store and to open a new location in Venice, but the group is still awaiting the go-ahead from local authorities.

Copyright © 2023 FashionNetwork.com All rights reserved.