La Rinascente reports 462 million euro turnover in 2012 (+5,7%)

Department store operator La Rinascente, owned by Thai based Central Retail, reports record turnover of 462 million euro in 2012, a 5,75 % increase compared to 2011. La Rinascente has been expanding its operations, adding 10% more space to its flagship department store in Milan and acquiring the Illum department store in Copenhagen. La Rinascente’s expansion includes a department store in Rome (14.500 sqm) on via del Tritone is currently under construction, due to open Spring 2015 and one in Venice, through a recent agreement with the Benetton family.

La Rinascente department store Milan, Italy