Silvian Heach pursues international expansion with 8 new stores
Affordable luxury brand Silvian Heach is pursuing its international retail expansion with 8 new store openings planned for the rest of 2016 and beginning of 2017. The brand will particularly pay attention to Russia, including the CIS countries, the Middle East and China. The 8 new stores will add to the 5 stores already opened this year.
After closing 2015 with a turnover of 77 million Euros the company registered sales growth of 3% in the first half . The openings expected in October are: Doha at Qatar Mall, Moscow at Avenue Mall and in Vladivostock at Sedanka Island City Mall. In 2017, the brand will open new stores in Kiev (Ukraine) at the Gulliver Mall and in Minsk (Belarus) at the Galleria Mall. Other openings are planned for Kosice (Slovakia) as well as Guangzhou and Sanya in China.
Silvian Heach is based in Italy as is owned since 2013 by Vertis Capital.