Italian luxury kidswear brand Monnalisa is set to enter India
Italian luxury kidswear brand Monnalisa is set to enter India later this year with its first outlet in Delhi. The brand, which is entering India through a franchise route, plans to open its first store by September this year. FranGlobal is representing the brand and has appointed PING Global Services as the master franchisee for Monnalisa in India. The products will be fully imported and sold in India.
What are their future plans?
"Monnalisa plans to open seven stores in India in top metro-cities in the next five years. It has inked a pan-India contract with expansion plans in Delhi-NCR, Mumbai, Bangalore, and Kolkata with FranGlobal and a total deal size of more than Euro 4 million," FranGlobal CEO Venus Barak told PTI. "We will use both, our site and third party e-commerce sites to grow sales," PING Global services said.
Second attempt of Monnalisa in India
This is the second attempt of Monnalisa to make inroads in the Indian market. In 2006, it had signed a licence agreement with an Indian company, but the deal did not go through.