Italian COIN Group develop luxury department store concept and expand internationally

Italian retailer Gruppo Coin has announced the opening of its frst luxury department store under the EXCELSIOR brand in Milan by the end of September this year. Openings are planned in other Italian cities in 2012, such as Verona, Padova, in total 5 to 6 locations.

Gruppo Coin operates 93 stores and plans to open in other 13 international locations, under OVS and Coin brands, including in Turkey and Poland, while future openings in China and India will be through joint ventures. A directly operated OVS store will be opened by the end of this year in Paris.