Search Business Opportunities
Business Categories
Jun, 01 2007

Christian Dior Couture arms itself for retail investment

French luxury label, Christian Dior Couture is converting its franchisee into a subsidiary, which will allow it to invest in retail space, manpower, training and store operations.

French luxury label, Christian Dior Couture is converting its franchisee into a subsidiary, which will allow it to invest in retail space, manpower, training and store operations. Until now, it was the Indian franchisee, the Khotes, who were investing money behind the brand. CDC's plans comes a year after its parent company Louis Vuitton Malletier (LVM), converted its trading arm into its own company to retail Louis Vuitton range of goods. While LVM did it by picking 51 per cent in Mumbai's LV Trading, CDC is doing so by converting Christian Dior Trading India Private Limited (CDTIPL), owned by two resident Indians, into its own company. Further, it plans to invest Rs 20 crore in five years and create opportunities for exports to its worldwide network of stores.

Comment
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
Trending
More Stories

Free Advice - Ask Our Experts