Stefano Ricci plans India entry; awaits FIPB approval for 100% FDI in retail

India has been across various reports, has emerged as a luring destination for investors in various sectors. Of these  sectors, retail is seeing a splurge of investment, especially with FDI opening up in single brand and multi brand.

This time the high-end Italian brand, Stefano Ricci, plans to make an India entry as it awaits FIPB approval for 100 per cent single brand FDI. The brand retails luxury menswear with stores across Europe, US and Asia.

Reports suggest that the brand will open its first store either in Delhi or Mumbai.

mii_slideshow_image_2Recently, even the crystal and gems brand Swarovski, has also filed proposal with FIPB for 100 per cent single brand FDI.

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