Italian Fashionand lifestyle MajorGianniVersaceis planning to bring in its range of furniture in Indiato tap the fast-growing luxury market here.
At present, furniture is the only product category in Versace's portfolio that is not available in India
"We are looking (at launching the furniture range).. We have no reason why we shouldn't," Gabriella Saracino, Worldwide Licensing and Home Division Director, GianniVersaceSpA told Pti
However, she did not share the timeline of the launch of the furniture range in India "We want to be 100 per cent sure (before launching) that it is the right location and the right partner."
On being asked whether Versacewould partner locals here for its furniture range, she said, "In distribution, yes. But the production would be in Italy".
Saracinofurther added, "We do not want any compromise on our quality. Our furniture is made in Italy If people want quality, they buy our products. Otherwise, there are several other options in the market".
Versace's furniture is made in Italyand exported to different markets. The home division, which includes furniture, accounts for 10 per cent of Versace's total turnover.
Founded in 1978 in Milan, GianniVersaceSpA is one of the leading international Fashiondesign houses. It designs, manufactures, distributes and retails Fashionand lifestyle products, including haute couture, accessories, jewellery, watches, eyewear, fragrances and home furnishings.
Last week, Versaceand realty firm Unity Groupannounced tie-up for developing the Delhi's tallest building, comprising 160 branded luxury apartments, with an investment of about Rs 500 crore.
This was Versace's second Real Estate Projecthere, the first was in Mumbaiwith ABIL group, Saracinoadded.
On being asked whether the group is looking at partners for luxury real estate projects, she said, "At the moment, we want to concentrate of this (project).
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