Piquadro to roll out 16 stores by 2013

Piquadro to roll out 16 stores by 2013

New Delhi: Italian travel items and lifestyle brand Piquadro, which had recently opened a store in the capital, mulls setting up 15 such showrooms by 2012-13, eyeing the Rs800 crore Indian branded luggage market.

The $40 million company is seeking at tapping the corporate and fashion gifts market and has set up a 51:49 joint venture (JV) with DLF Group’s retail management arm DLF Brands for expansion in India.

The company is targeting the premium segment customer in the metros and Tier I cities.

The company is setting up its second store in February 2009 in Delhi before venturing into other metros.