Ferragamo Eyes Growth In Latin America.(Salvatore Ferragamo S.p.A.)

Byline: IVAN CASTANO

Ferragamo Eyes Growth in Latin America

Salvatore ferragamo is planning an ambitious incursion into Latin America's growing luxury clothing and accessories market in a move that will make the region as key a growth driver to the Italian luxury and leather goods chain as Asia.

Speaking on the fringes of the 2011 Latam marketing conference held in Miami last week, Ferragamo's Latin America managing director Diego Stecchi said the chain hopes to install 10 stand-alone stores and 12 corners by 2015.

"We have a very aggressive expansion plan in the region, where fashion and luxury markets are growing at very impressive rates," Stecchi said.

The new doors, which will boost Ferragamo's …