Italian fashion house increased its MiddleEast sales by 37 percent last year
Italian fashion house Bottega Veneta will open a new outlet in Abu Dhabi as sales in the Middle East increased 37 percent last year, a spokesperson for the company told Arabian Business.
The boutique in Abu Dhabi is expected to open during the summer and it will showcase only fashion items, with no furniture.
Bottega Veneta, which opened 26 shops in 2012 and runs 196 boutiques worldwide, is planning expansion in emerging markets including the Middle East.
Between its GCC outlets, Dubai, with its four Bottega Veneta stores, is still number one in terms of market share, followed by Kuwait and Qatar, Arabian Business was told.
The Italian label recently announced it is planning to increase the size of its retail network by 10 to 15 percent annually, as its operating profit rose by 40 percent.
Bottega Veneta, known for its woven leather totes starting at around US$6,700, is holding firm PPR’s second largest luxury brand in terms of sales just behind Gucci.