Giuseppe Zanotti opens new store in Cannes
Giuseppe Zanotti Design has recently opened a new store in Cannes at 1, boulevard de la Croisette. The store reflects the new retail design concept of the Italian house. This is the fourth store of the brand in France, adding to the two stores in Paris (rue Saint-Honoré and avenue Montaigne) and the one in St Tropez. The company aims to reach a total of 100 mono-brand stores worldwide by the end of the year.
With the backing of L Capital (LVMH) which controls 30% of the company, Giuseppe Zanotti has been investing in expanding its manufacturing facilities in Italy which are expected to grow from a 4,000 sqm to 11,000 sqm by the end of 2016. The company will allocate 10 million euros in the expansion of its production facilities.
Giuseppe Zanotti Design registered a turnover 156 million euros in 2014 in comparison with 115,6 million euros in 2013.