Italian luxury goods retailer Salvatore Ferragamo has been expanding its business globally and Asia has been good to Ferragamo, accounting for 51% of sales in 2010.
In recent years, China, in particular, has been a key driver to sales growth. The Florence-based company has 50 stores in 32 mainland cities in China. The company plans to open seven to nine stores in lower-tier cities this year.
As part of this expansion plan, Ferragamo recently launched two stores — in Kunming, a booming luxury...
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