La Rinascente to expand in Asia
Italian premium department store operator La Rinascente, owned since 2012 by Thai based CRC (Central Retail Company) known for its flagship department store in Milan, has recently confirmed to Il Mondo daily, plans to further expand internationally, especially Asia. The first confirmed future opening is in Jakarta, Indonesia, the next priority targets being Vietnam and China – where CRC already owns 3 department stores.
La Rinascente is presently developing a second major flagship in Italy, in the capital city of Rome and a new store in Venice, both planned for 2014/2015 and thus bringing the total number of sales points in Italy to 13. La Rinascente is currently renovating and redesigning the Illum Department Store in Copenhagen which it had acquired earlier this year.