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Nicoletti Home to open 50 stores in mainland China

By Rajiv MenonChina
1 min read
Nicoletti Home
Nicoletti Home
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Italian leather and fabric upholstery brand Nicoletti Home has partnered with Chinese manufacturer/retailer Manwah to establish a retail network of 50 stores throughout the mainland.

Nicoletti Home already has a strong Asian presence in Hong Kong, Indonesia and Korea.

Manwah will be directly responsible for managing the stores under a franchise agreement, targeting upscale customers. All Chinese stores will be positioned within furniture malls with an average floorspace of 2000–4000sqft.

The first outlet is expected to open by the end of the year in a launch backed by the September furniture show in Shanghai.

The partnership will also be developing a lower-priced collection for production within China, to be distributed by Manwah throughout a 500-store network nationally.

The firm’s world commercial director Eustachio Nicoletti said: “Entrusting the development of the Chinese market to such a renowned and reliable partner is for Nicoletti Home a guarantee of efficiency and rapid growth. The collection we are going to introduce in the 2018 Shanghai Exhibition with a 200sqm (2100+sqft) showroom is addressed at a medium-to-high profile consumer, who appreciates excellent made-in-Italy products.”

Questions & Answers

Q.

What is the ownership structure or management model for the new stores in mainland China?

A.

Manwah will be directly responsible for managing the new stores. This will operate under a franchise agreement between Nicoletti Home and the Chinese manufacturer/retailer.

Q.

What is the target customer demographic for Nicoletti Home's new Chinese stores?

A.

The new stores will target upscale customers. The collection to be introduced in Shanghai is also aimed at a medium-to-high profile consumer who values Italian products.

Q.

Will all products sold in China be imported from Italy?

A.

No, a lower-priced collection will also be developed for production within China. This range will be distributed by Manwah through its 500-store national network.

Q.

What is the planned timeline for the first store opening and the marketing push?

A.

The first outlet is expected to open by the end of the year. This launch will be supported by an appearance at the September furniture show in Shanghai.

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