Develop a series of luxury boutiques with the full support of the brand ownerThe Business
The Company plans to develop boutiques for a well-known European luxury jewelry brand. The brand is a global leader in its segment, with a strong potential in the Russian market as well as in the most advanced neighboring countries such as Ukraine.
Despite the crisis in the the fashion retail business in Russia, there have been positive results for the first of the brand?s boutiques, which opened in September 2009. This confirms that the brand?s strategy and positioning are very well adapted to the market, even in tough economic environment.
Market
With an investment of ?1.1m split between 2010 and 2011, the Company can take over the brand?s existing Moscow boutique and operations and build a network of twenty boutiques, with plans to generate a yearly turnover of almost ?10m (incl. VAT) by 2014 and up to ?19m per year by the end of the distribution agreement.
The Company?s project team has the full endorsement of the brand head office to pursue this opportunity.
Sector: RetailSegment: Luxury JewelryRegion: RussiaFinancing Size: $1m to $5mContact: Philippe Der Megreditchian
Company: OLMATelephone: +33 6 03 88 30 13Email: [email protected]