{"id":2124,"date":"2013-01-30T12:44:53","date_gmt":"2013-01-30T07:14:53","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=2124"},"modified":"2013-01-30T12:44:53","modified_gmt":"2013-01-30T07:14:53","slug":"italian-brand-prada-considering-india-as-next-destination","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/italian-brand-prada-considering-india-as-next-destination\/","title":{"rendered":"Italian brand Prada considering India as next destination"},"content":{"rendered":"<p><a href=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2013\/01\/prada.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2013\/01\/prada.jpg\" alt=\"\" title=\"prada\" width=\"235\" height=\"215\" class=\"alignleft size-full wp-image-2125\" \/><\/a>Italian luxury fashion brand Prada is said to be in talks with prospective domestic partners for India entry. It\u2019s also scouting for prominent retail venues to establish its presence.<\/p>\n<p>Listed in Hong Kong, Prada had a market cap of Hong Kong 183.2 billion dollars (above Rs 9,00,000 crores), according to Bloomberg data. Sellers of luxury products are seeking to move out of developed markets that have been hit by global economic slowdown and find new buyers in emerging economies. As per October 2012 Euromonitor report, the value of luxury goods sold in India was pegged at 2.18 billion dollars (around Rs 11,660 crores) in 2011, and is expected to rise to 7 billion dollars (Rs 37,618 crores) by 2017.<\/p>\n<p>Prada is one of the top few luxury brands that so far don\u2019t have a retail presence in India. Globally, it competes with brands such as Gucci and Louis Vuitton and specializes in men and women\u2019s clothing, handbags, shoes and accessories.<\/p>\n<p>Prada, which had sales worth 2.34 billion euros (around Rs 16,700 crores) in the nine months ended October 31, also owns labels such as women\u2019s luxury fashion brand Miu Miu and men\u2019s footwear brands Church\u2019s and Car Shoe. The company has operations in 70 countries through 388 directly operated stores, 30 franchise stores, and a network of high-end multi-brand stores and luxury department stores as of a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italian luxury fashion brand Prada is said to be in talks with prospective domestic partners for India entry. It\u2019s also scouting for prominent retail venues to establish its presence. Listed&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,787],"tags":[],"class_list":["post-2124","post","type-post","status-publish","format-standard","hentry","category-franchise-news","category-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/2124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=2124"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/2124\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=2124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=2124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=2124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}