EMPORIO ARMANI store in Bucharest, unlikely to open this year

Market sources indicated the financial difficulties of ALSA GROUP, one of the major luxury fashion retailers on the marketing, will likely result in a delay in opening the Emporio Armani monobrand store in Romania, which was due to open in September 2010 on leading highstreet Calea Victoriei. Alsa includes highly profitable Zegna brand, yet all its other brands from the porfolio have been showing constant decreases due to the crisis. Alsa is also the franchisee (with monobrand high street locations) for Marella, Mariella Burani, Pal Zileri.