Italian Eyewear Company Safilo Has Big Plans For Expansion In India

Italian eyewear company, Safilo which owns licenses of designer eyewear brands such as Fendi, Dior and Gucci plans to expand in India and bring its entire portfolio of 30 brands by 2020. India is being seen as a country with immense potential. That’s why big players are now looking at India as a happening market. Safilo plans to bring Dior eyewear to India by the end of the year and in the next few years will bring the other 30 brands. Already, they are retailing 17 brands in India.
In a company rejig, Safilo included India into Dubai-headquartered Middle East and Africa operations, moving out of Asia-Pacific region so as to ensure visibility and investments. The firm is looking to raise the share of its own brands from 23 per cent to 40 per cent by 2020.
Safilo has been in India through its Indian subsidiary since 2001. Now it is looking at expanding its sales force and team here. The company is worth 3 billion euros and it owns brands such as Carrera, Polaroid, Smith, Safilo and Oxydo.
Share this:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Zara has opened store at Ambience mall, Gurgaon

    Zara, has opened its new store at Ambience mall, Gurgaon. Spread over 28,000 sq.ft. across two floors the store has taken the space earlier occupied by Debenhams. With this Zara now has twelve stores in India. It is present in 86 countries with