Il Bisonte plans to open shops in Asia
In this article (4)
Italian leather goods label Il Bisonte, owned by UK investment fund Palamon since 2015, plans to open a directly owned shop in Hong Kong as a way into China.
Founded by Wanny Di Filippo in 1970, the company expects to close this year with revenue exceeding €27 million (US$32 million), says CEO Sofia Ciucchi, who was appointed in January. This would be up 27 per cent on last year’s revenue.
As well as eyeing Asia, the brand has growth plans closer to home. It will open an 800sqm showroom next month on the top floor of Florence’s historic Palazzo Corsini, with a launch event celebrating the fact that Il Bisonte’s entire output is produced with a 30km radius of the city. The showroom will also house the company’s offices, while manufacturing and product development remain in Pontassieve.
At the end of next month Il Bisonte will open a six-month pop-up store in Rue St Honore, Paris, and its two permanent Parisian stores will be later renovated.
Overseas plans include a possible second store in London and an opening in the US, most likely New York.
Another main focus for the label is e-commerce, to which end it will expand its manufacturing and logistics infrastructure next year, building a 2000sqm warehouse in Pontassieve.
Questions & Answers
Q.Which specific city in Asia is Il Bisonte targeting first for a new store?
Which specific city in Asia is Il Bisonte targeting first for a new store?
Il Bisonte plans to open a directly owned shop in Hong Kong. This store is intended to serve as the company's entry point into the wider Chinese market for its leather goods.
Q.What is the expected revenue for Il Bisonte this year, and how does it compare to last year?
What is the expected revenue for Il Bisonte this year, and how does it compare to last year?
The company expects its revenue to exceed €27 million (US$32 million) this year. This figure represents a 27 per cent increase compared to their revenue from the previous year.
Q.Where will Il Bisonte's new showroom be located, and what is its purpose?
Where will Il Bisonte's new showroom be located, and what is its purpose?
The new 800sqm showroom will be on the top floor of Florence's historic Palazzo Corsini. It will celebrate the brand's local production and also house the company's main offices.