MILAN — Following a recent opening in Sochi, Furla is further investing in the Russian market with the unveiling of a new store within the Evropeisky shopping Mall in Moscow.
This is the biggest unit in Russia and covers about 1,620 square feet. Interior details include Palisander wood and Champagne-colored glazed finishings.
In addition to Furla’s women’s handbags and small leather goods, the store includes an area entirely dedicated to shoes.
At the same time, the Italian accessories company, which marks its 90th anniversary in 2017, is introducing the brand’s men’s collection on the Russian market.
The men’s category will also be available at Furla’s GUM store starting with the spring season, as well as online.
“The opening of the new Moscow store is part of Furla’s process of international expansion and represents an additional step toward the consolidation of the brand’s presence in the Russian market,” said general director Alberto Camerlengo.
As reported, in May last year, Furla inked an agreement with TIP Tamburi Investment Partners SpA to head toward an initial public offering. In the first six months of the year, Furla revenues rose 28 percent to 194 million euros, or $217.3 million, compared with 151 million euros, or $167.6 million, in 2015. Dollar figures were converted at average exchange rates for the periods they refer. As of September last year, the company had 425 stores, compared with 415 at the end of 2015, and 1,200 points of sale, in more than 100 countries.