Bulgari plans to set up retail stores in India
Italian luxury goods firm Bulgari is seeking government’s permission to set up retail stores in India, according to reports.
Media reports said that Bulgari, has made an application to the Foreign Investment Promotion Board (FIPB) for its investment under the single-brand route.
Rome-headquartered Bulgari was founded in 1884 by silversmith Sotirio Bulgari as a single jewellery shop. Bulgari S.p.A. is the parent company and the owner of the brand. With an international distribution network of 295 stores, of which 174 are owned, Bulgari operates through the travel retail and domestic channel.