{"id":982,"date":"2012-02-02T11:14:31","date_gmt":"2012-02-02T10:14:31","guid":{"rendered":"http:\/\/octagona.wordpress.com\/?p=596"},"modified":"2026-10-22T18:22:25","modified_gmt":"2026-10-22T16:22:25","slug":"india-formed-jv-between-channels-and-genesis-luxury-fashion","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/india-costituita-jv-tra-canali-e-genesis-luxury-fashion\/","title":{"rendered":"India: JV established between Canali and Genesis Luxury Fashion"},"content":{"rendered":"<p style=\"text-align: justify;\">Canali and Genesis Luxury Fashion Together in the Indian Market: In detail, Canali, a historic Italian brand in luxury menswear, has signed a Joint Venture agreement with its <em>franchise<\/em> Indian company Genesis Luxury Fashion. The Italian company will hold a 51% stake in the firm.<\/p>\n<p style=\"text-align: justify;\">Although Canali had the option of establishing a subsidiary, in light of the government\u2019s recent decision to allow 100% foreign direct investment in the retail sale of single-brand products, the company decided to form a joint venture with an Indian firm. This choice was dictated by the fact that, again in accordance with the new law, foreign companies entering India must source at least 30% of their supplies from Indian SMEs and micro-enterprises (the term \u201cIndian SMEs\u201d refers to those whose investment in machinery and production units does not exceed $1 million): such an arrangement would not have met Canali\u2019s needs, given the high quality of its products and the fact that its production takes place entirely in Italy.<\/p>\n<p style=\"text-align: justify;\">At present, the agreement is awaiting government approval. In any case, this is a very significant initiative, as Canali is the first luxury brand to invest in India following the new reform. There are currently five Canali stores in that market managed by Genesis, a franchise operator for several international luxury brands. These brands are watching the evolution of the Indian market with growing interest, as the sector is growing at an average annual rate of 20%, and turnover is expected to reach $14.7 billion by 2015, up from the current $5.8 billion.<\/p>\n<p><strong>ALSO READ:<\/strong><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/the-success-of-italian-companies-in-india\/\">The success of Italian companies in India<\/a><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/internationalize-own-foreign-business-strategic-choice-or-opportunity\/\">Internationalizing your business abroad: strategic choice or opportunity?<\/a><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/digital-export-manager-dem-linter-internationalization-in-a-digital-environment\/\">Digital export manager (DEM): internationalization in a digital context<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Canali e Genesis Luxury Fashion insieme sul mercato indiano: nel dettaglio Canali, storico marchio italiano nell\u2019abbigliamento maschile di lusso, ha firmato un accordo di Joint Venture con il suo franchise indiano, Genesis Luxury Fashion. L\u2019azienda italiana deterr\u00e0 il 51% delle quote della societ\u00e0. Nonostante Canali avesse la possibilit\u00e0 di costituire una filiale, in base alla [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary octgn-read-more-link\" href=\"https:\/\/octagona.com\/en\/india-costituita-jv-tra-canali-e-genesis-luxury-fashion\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":11434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[19],"class_list":["post-982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internazionalizzazione-imprese","tag-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India: Canali e Genesis Luxury Fashion | Octagona Srl<\/title>\n<meta name=\"description\" content=\"Ecco la nuova Joint Venture firmata tra Canali e Genesis Luxury Fashion per 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Laureata in Economia e Marketing internazionale all'Universit\u00e0 di Modena e Reggio Emilia, cura i contenuti del blog dedicati ai mercati esteri, all'export e alle strategie di ingresso per le PMI italiane. 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