Giorgio Armani, one of the leading fashion and luxury goods groups in the world, is set to open its first Emporio Armani store and Emporio Armani Caffe in Hungary’s capital city.
The units are to be situated on Budapest’s Andrássy road (No. 9), where Armani will be the second luxury goods vendor behind Louis Vuitton to set up shop.
Opening is scheduled for the fourth quarter of 2008, but the company did not wish to disclose details on project.
The company had capital investments of EUR 95 m in 2007, with the aim to develop its retail network through the opening of 49 new stores. Today the company’s retail network, including both those directly owned and in franchising, consists of 471 stores.
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