Vivarte mulls big openings spread in Asia for 2015

French fashion retailer Vivarte is considering a big opening plan in Asia from next year, seeking to generate sales of

350 million dollars in four years. The French apparel group is aiming to open up to 200 new stores in the region.

The French group - which owns 4,800 outlets throughout the world and manages some twenty fashion and footwear brands - has signed an agreement with GRI Retail to bring three of its brands, namely Minelli, André and Cosmoparis, to Asia, as reported by ‘Business Daily’.

The news came in soon after Vivarte reached an agreement with its creditors to refinance the company’s debt and reach new resources last July.

Currently, the company has a workforce of 22,000 people and an annual turnover of about 3,000 million euros. Meanwhile, GRI Retail holds more than 1,000 outlets in Asia and France, managing more than 10 brands, such as Nine West and Steve Madden.