Peru will see ten Colombian apparel and leather enterprises opening franchises and stores within two years in various malls located in the country.
Representatives and executives from the ten companies are currently visiting the biggest malls in Lima, Peru and holding meetings with potential strategic partners in the country for local expansion with the help of Colombia’s Proexport—the agency for promotion of tourism, investment and exports, reports El Comercio.
The ten companies planning expansion in the Peruvian market include menswear brand Arturo Calle, Colombian apparel manufacturing group Crystal, swimwear and apparel brand Agua Bendita, Colombian designer label Color Siete, women’s clothing line Fuera de Serie, leading menswear brand Jon Sonen, women’s swimwear brand Onda de Mar and women’s beachwear and swimwear line Phax.
Catalina Calle, manager of international expansion of Arturo Calle, said the brand plans to open three stores a year in the country, with an investment of US$ 4.5 million.
Colombian designer label Color Siete, which used to be available three years ago in Peruvian department store chain Saga Falabella, is also planning a return with boutique shops and multi-brand stores in the country.
Sandra Cardona, director of Color Siete stores and franchises, said the designer brand’s goal is to open five to six shops within three years in the country.