French accessories brand Longchamp reported a 26% sales increase reaching a total of 390 ...
read more
Mandarin Oriental Hotel Group has today announced that it will manage a luxurious hideaway ...
read more
Hermès has recently confirmed the opening of the very first store of its brand Shang ...
read more
With the aim of reaching 40 mono-brand stores by the end of 2012, Italian luxury menswear house ...
read more
Last week, the Royal Family of Qatar, purchased Paul Cezanne's "The Card Players" ...
read more
Conceived as a sophisticated online installation, Eberhard & Co recreates on its own ...
read more
MARIELLA BURANI and MARELLA monobrands close in Bucharest (Romania)
News 17 June 2010
Less than two years from opening, the two monobrand boutiques of Mariella Burani and Marella in Bucharest, have closed this week. Located on leading highstreet Calea Victoriei, the two boutiques were operated under franchise by local luxury retailer ALSA Group.
The Managing Director of the group motivates the two closures with the financial crisis as well as with the group's decision to concentrate on its profitable brands Ermenegildo Zegna, Max Mara, both operated in franchising. The company will develop by mid next year, a larger store location for Max Mara, implementing the latest concept of the store. Alsa Group will open the first Emporio Armani store in Romania, operating it on a franchise agreement with the Armani Group.