News: Italy's Da Milano lands in Punjab

(PTI 06/05/2006) Ludhiana - As part of its plan to expand its market in India, the Italian leather brand Da Milano on Saturday launched a retail outlet here, the first by the company in Punjab.

The outlet will showcase premium range of products such as handbags, women footwear, travel accessories and leather garments.

Da Milano has a total of 11 outlets, of which nine is in India and two in Italy. The brand, which entered India 31 years ago, exports most of its products to Europe.

With its expansion plan in India, the company expects a turnover of Rs 100 crore by the end of this fiscal as against a turnover of Rs 66 crore in 2005-06.

"We have plans to open exclusive stores in Amritsar, Chandigarh, Bangalore and Pune so as to cater to the growing market for leather products. After the opening of new stores, we expect our turnover to touch the Rs 100 crore mark," Mr Sahil Malik, Managi ng Director of the company, said here.