ZEGNA'S PLANNING RETAIL ROLLOUT IN INDIA; NEW STORES TO OPEN THIS FALL IN NEW DELHI AND MUMBAI; FURTHER EXPANSION ALSO IN THE WORKS.(Ermenegildo Zegna Corp.)

From: Daily News Record | Date: May 8, 2006| Author: Lowther, Besty | Copyright information

Byline: BETSY LOWTHER

MUMBAI, India - When it comes to India's burgeoning luxury men's wear market, the Ermenegildo Zegna Group is hoping that the second time is the charm.

The company, which operated one India store in Mumbai (the former Bombay) from 2000 until late last year, found its first foray into the country's luxury market plagued by messy partnerships, frequently changing laws on foreign direct investment and a slowly deteriorating retail location. ...

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