Italian Mengotti, which has already opened a multibrand luxury store on Calea Victoriei in Bucharest, will supply its store with more than 6,500 products whose value is expected to exceed 1.3 million euros. "Demand for luxury products will show in turnover, which we hope will reach 3 million euros in the first year since the opening of the store," Adriano Mengotti, company chairman told ZF. The initial investment in the luxury store amounted to 800,000 euros, and the merchandise cost 450,000 euros. "We have 2,800 products for sale now, mostly footwear and accessories. We will balance our assortment with clothing articles_imports when we bring the autumn/winter collection in the store," Mengotti added. The multibrand store on Calea Victoriei takes up approximately 700 square metres, and sells products from Prada, Valentino, Versace, Dolce Gabbana, Dior Homme, Giorgio Armani, Etro, Fendi, Loro Piana and Cesare Paciotti. Mengotti is the sole importer and exclusive distributor of either clothing or accessories, or certain products depending on each fashion house in particular.
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