The Italian premium handbag and accessories brand, Furla, is all geared to bring its retail presence in India. Currently awaiting FIPB’s approval to the proposal, the brand will further enhance its 49:51 JV with Gurgaon based retail conglomerate, Genesis.
The JV together will invest Rs 13 crore in the country of which Rs 6.6 crore will come from Furla. Though the JV currently operates two franchised Furla stores and plans to open another in Kolkata or Bangalore.
- Celio plans to raise stake in Future Group JV; FIPB says “ok!” (igrowcommunity.wordpress.com)
- FIPB Govt clears 8 FDI proposals worth over Rs 1,311 cr (thehindu.com)