Furla to open 100 new stores in China - leatherbiz: Leading news site Leatherbiz

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Furla to open 100 new stores in China

04/02/2013
Italian leathergoods brand Furla has said it will open 100 stores in more than 40 cities in China.

According to the Financial Times, it has agreed a deal with Fung Group, the private investment arm of Hong Kong-based manufacturing and distribution group Li & Fung, to help it expand in the Chinese market.

Furla recently announced sales of EUR 212 million for 2012, an increase of 18% compared to the year before. Profits rose by 28%. Sales in overseas markets now contribute more than 76% of turnover.


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