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Bvlgari Will Expand Its 6 Stores In Russia In The Next Ten Years.

2016/5/26 21:50:00 46

BvlgariRussiaBrand Strategy

LVMH, Bvlgari's top jewellery brand in Italy, plans to open another 6 stores in the next ten years to see the long-term prospects of the luxury market.

Bvlgari is the second senior jewellery brand to enter the Russian market. It opened two stores in Moscow last December, while France's luxury brand Hermes sells three times as much as the two stores.

Bvlgari CEO

Jean-Christophe Babin

In an interview with Reuters, the Moscow discount shop has so far been "the lowest".

However, because of the depreciation of rouble, some customers' consumption has become more cautious.

Perhaps in the next 10 years, 5-6 boutiques will be added in Russia, 3 or 4 in Moscow, one in St Petersburg, and another in the other cities.

Maybe we are

Russia

It will open the same number of boutiques as most European countries.

The company is looking for people who speak Chinese in Moscow stores to cope with the growing number of Chinese tourists.

Bvlgari's jewelry prices range from 1000 to 10 million euros, with 00 stores in the world, and 12 stores in 2016.

Russia is one of the ten most important developing countries of Bvlgari.

Summit group

Its Cartire and Tiffany&Co are the third largest jewelry watch manufacturers in the world.

Annual revenue is estimated to be between 15 and 2 billion euros.

Related links:

Bvlgari logo series BVLGARI-BVLGARI launched the new ROMAN SORBETS Rome snow bar series in 2016.

It is like an inviting dessert, sparkling with jewel delicacy, indulging in the happy lifestyle of Rome, telling us that life is meant to be enjoyed.

The drooling gems sparkled on gold rings, pendants and bracelets, with bright colors and exquisite workmanship.

Pink tourmaline with Amethyst, or sapphire with the shafleh stone, these two lively color designs seem to bring Rome's daily delicacies to the horizon, which is expected to come in summer.


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